Nikkei 225 Trims Early Gains at Finish
The Nikkei 225 edged up 0.1% to close at 37,529 on Tuesday, following notable losses in the previous session. Investor sentiment was supported by comments from Prime Minister Shigeru Ishiba, who emphasized Japan’s commitment to national interests in trade talks, saying Tokyo would not rush a deal with the U.S. ahead of a third round of negotiations this week.
Gains were also underpinned by Chinese rate cuts, with the PBoC lowering lending rates to new lows for the first time in seven months to support the sluggish economy.
However, early gains were trimmed as U.S. futures dipped slightly, after a modest S&P 500 rise Monday despite Moody’s downgrade of the U.S. credit outlook. The broader Topix index was flat, marking its third subdued session. Honda rose 0.8% after announcing plans to cut over $20 billion in EV investments through FY2030. Mazda surged 5% as a weaker yen lifted overseas earnings. On the downside, Fujitsu fell 2.5%, Daiwa House lost 1.5%, and Tokio Marine slid 0.9%.
Source: Trading Economi
