Japanese Stocks Rise as Investors Assess Trump’s Tariff Signals
Japanese stocks rise as the yen remained weaker and investors assessed signs that US trade sanctions may be narrower than feared.
Topix Index rose 0.7% to 2,810.28 as of 9:15 a.m. Tokyo time
Nikkei 225 advanced 1.2% to 38,044.42
Gains in US stocks overnight bolstered sentiment for Japan’s exporters of electronics, precision equipment, machinery, and automobiles. Investors also bought shares of companies in insurance, real estate, and services.
President Donald Trump said he will announce tariffs on automobile imports in the coming days — and indicated nations will receive breaks from next week’s “reciprocal” tariffs. The yen was at 150.90 per dollar, holding a three-day loss.
“Trump’s comments on tariffs are being revised, and the market is moving away from the worst-case scenario that had been factored in,” said Hideyuki Ishiguro, chief strategist at Nomura Asset Management in Tokyo. “There is a short-term rebound in US stocks as they are unwinding from pessimism.”
Toyota Motor contributed the most to the Topix’s gain, increasing 3%. Out of 1,692 stocks in the index, 1,065 rose and 504 fell, while 123 were unchanged.
Source : Bloomberg
