Japan's benchmark Nikkei 225 breaches 45,000 mark to hit a fresh high

Japan’s benchmark Nikkei 225

surpassed the 45,000 mark for the first time, leading gains in Asia-Pacific markets Monday, after President Donald Trump said that the U.S.-China trade negotiations in Spain were progressing well. The benchmark added 0.3% to close at 44,902.27.

The trade talks were, however, overshadowed by a “framework” deal regarding the divestment of Chinese-owned TikTok, announced by Treasury Secretary Scott Bessent Monday. Speaking from Madrid, Bessent noted that the commercial terms have already been settled.

Both U.S. President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the terms.

Japan’s Topix gained 0.25% to end the trading day at 3,168.36 after crossing an all-time high.