Nikkei Rises 0.8%, Tracking Wall Street's Gains -- Market Talk
Japan's Nikkei Stock Average rose 0.8% to close at 37704.93, tracking Wall Street's gains overnight after the White House announced a one-month tariff reprieve for auto imports from Mexico and Canada.
"The decision to postpone these tariffs is seen as a short-term positive signal for the stock market, as it suggests that trade relations among the three countries are avoiding further strain," says Linh Tran, market analyst at XS.com, in an email.
Among the best performers on the Nikkei, Makita climbed 12.5%, Mitsubishi Heavy Industries rose 10.8%, and Kawasaki Heavy Industries added 7.3%.
USD/JPY was at 148.88, compared with 149.59 as of Wednesday's Tokyo stock market close. The JGB 10-year yield was up 7.5bps at 1.515%.
Source: Bloomberg