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International Business Times
International Business Times
Business

Equities Rally On China-US Hopes, New Japanese PM Lifts Tokyo

Japan's ruling Liberal Democratic Party (LDP) President Sanae Takaichi is set to be the country's first woman prime minister (Credit: AFP)

Stocks extended gains Tuesday on further signs that China-US trade tensions were easing, with Tokyo hitting another record as Japan prepares to swear in a new prime minister and bring an end to a period of political uncertainty.

Investors were back in a buying mood after last week's ructions caused by Donald Trump's threat earlier in the month to hammer China with 100 percent tariffs over its latest rare earth export controls.

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