Japan Stocks Rise as Traders Monitor Trump’s Trade Negotiations
Japanese stocks rose as investors continued to monitor the progress in US President Donald Trump’s trade negotiations.
Topix gained 0.9% to 2,652.41 as of 9:03 a.m. Tokyo time
Nikkei 225 advanced 0.7% to 35,948.13
The Topix headed for a five-day rally, which would be its longest winning streak since March. The S&P 500 above 5,500 in the US on Friday, with the gauge notching its longest advance since January.
“Trump has shown a flexible stance on tariffs, leading to a downward trend in US interest rates, and there was a clear rebound in US tech stocks and growth shares in the latter half of last week,” said Shoji Hirakawa, chief global strategist at Tokai Tokyo Intelligence Lab. “This trend is also positive for Japanese semiconductor-related stocks.”
Toyota Motor contributed the most to the Topix’s gain, increasing 2.1%. Shares of the automaker climbed after a report that Chairman Akio Toyoda has proposed a buyout of Toyota Industries.
The Nikkei 225 and Topix rose past levels seen on April 2, before so-called reciprocal tariffs were announced. Japan’s stock market will be shut April 29.
Out of 1,688 stocks in the Topix, 1,254 rose and 303 fell, while 131 were unchanged.
Source : Bloomberg
