Nikkei Up 5.6%, Led by Electronics, Financial Stocks
Japanese stocks are broadly higher following their sharp selloffs in recent sessions amid fears about U.S. tariffs. Electronics, financial and auto stocks are leading the gains. Tokyo Electron is up 9.3%, Nomura Holdings gains 10% and Toyota Motor is 8.0% higher.
Treasury Secretary Scott Bessent said Japan is likely to be prioritized in trade talks with the Trump administration. USD/JPY is at 147.80, up sharply from 145.59 as of Monday's Tokyo stock market close. Investors are focusing on any developments in tariff talks with the U.S. The Nikkei Stock Average is up 5.6% at 32884.79 following a 7.8% drop on Monday.
Source: Bloomberg