Tokyo — Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe havens such as bonds and gold.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.31%, while Japan’s Nikkei rose 0.45%. The improved mood was helped by a rally on Wall Street overnight, with the S&P 500 gaining 1.21%...

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