Asian equities advanced Monday, buoyed by signs of easing trade frictions and expectations that pro-stimulus Sanae Takaichi will be elected as Japan’s next prime minister.
The MSCI Asia Pacific Index advanced 1.6%, rebounding after two consecutive weekly losses. The Nikkei 225 index headed to a new high as leaders of Japan’s ruling Liberal Democratic Party and the opposition Ishin party reachedBloomberg Terminal an agreement to form a coalition. The yen weakened against the dollar.
