Japan’s shares rose to levels not seen since before Donald Trump’s so-called reciprocal tariff announcement, as progress in trade talks and a slightly weaker yen fueled risk appetite.

Investors bet carmaker’s proposed $42bn take-private bid for parts unit could trigger more deals for subsidiaries

Shares of Toyota Industries were set for their biggest daily jump on record on Monday after Japanese automaker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion).