Japanese Shares Advance for Second Straight Session
The Nikkei 225 Index jumped 1% to close at 37,531 while the broader Topix Index added 0.6% to 2,752 on Monday, extending gains from the previous session as market sentiment was buoyed by US President Donald Trump’s decision to delay the implementation of 50% tariffs on the EU.
A retreat in the safe-haven yen also supported Japanese shares by easing currency-related pressure on exporters. Meanwhile, investors continued to assess the Bank of Japan’s policy trajectory, with firm expectations that the central bank will raise interest rates further to counter persistent inflation.
Industrial and technology shares led the rally, with strong performances from Kawasaki Heavy (up 3.6%), Disco (2.5%), Advantest (4.2%), and Tokyo Electron (2.6%). Nippon Steel also advanced 2.1% after Trump appeared to give his approval to the company’s long-delayed takeover of US Steel.
Source: Trading Economi