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 trade talks were 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 0.41% to an all-time high of 3,172.33.

South Korea's Kospi continued to rise to notch its second day of record high, after the government reversed its plan to hike capit

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