Japanese Shares Advance as Yen Retreats
The Nikkei 225 Index climbed 0.51% to close at 37,724 on Tuesday, while the broader Topix Index added 0.64% to 2,769, marking a third consecutive session of gains for Japanese equities.
The rally was supported by a weakening yen, which bolstered the outlook for Japan’s export-driven industries and increased the appeal of Japanese assets to foreign investors.
On the global trade front, market sentiment was buoyed by news that US President Donald Trump agreed to postpone the implementation of 50% tariffs on European Union imports until July 9, reversing an earlier plan to enforce them starting June 1.
Meanwhile, China and the EU are strengthening trade ties in response to rising US protectionism, with further negotiations scheduled for early next month.
Top gainers included industrial and manufacturing heavyweights such as Kawasaki Heavy Industries (+4.6%), Mitsubishi Heavy Industries (+2.8%), Fujikura (+2.8%), Sanrio (+5.8%), and IHI Corp
Source: Trading Economi
