The world’s largest regional free-trade agreement between Asian nations and the ruling out of a national US lockdown have buoyed sentiment to set Asia Pacific stocks on course to close at an all-time high.
The MSCI Asia Pacific Index rose 1.2% to 187.30 on Tuesday, boosted by Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. shares. The gauge, on course for its longest winning streak in seven years, surpassed a previous closing peak reached in January 2018.
Asia Pacific nations including China, Japan and South Korea on Sunday inked the Regional Comprehensive Economic…