The rally in Japanese stocks has pushed some market indicators close to levels struck ahead of last year’s meltdown, after a US trade deal propelled equities to a record.

U.S. stocks are rising toward another record following a trade deal between the world’s No. 1 and No. 4 economies.

U.S. President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods in exchange for a $550 billion package of U.S.-bound investment and loans.