Japan’s Nikkei 225 surpassed 50,000 for the first time, boosted by U.S.-China trade progress and strong Wall Street momentum, while the Topix rose 1.61%.

South Korea’s Kospi and Hong Kong’s Hang Seng also climbed, aided by trade optimism, with BTS-related news pushing Hybe nearly 10% higher.

U.S. Treasury Secretary Scott Bessent indicated that Trump’s proposed 100% tariffs on Chinese imports are effectively off the table, with China expected to make major purchases and delay export restrictions, CNBC has reported.

Investors remain encouraged by soft U.S. inflation data, potential Federal Reserve rate cuts, and upcoming Big Tech earnings, supporting record highs on major U.S. indexes.