Japanese Shares Gain as US, China Extend Tariff Pause by 90 Days
Japanese shares closed higher on Tuesday after a market holiday, lifted by U.S. President Donald Trump's 90-day extension of a tariff truce with China, a widely expected move that avoided steep new duties on Chinese goods.
The Nikkei 225 rose 2.06%, or 860.73 points, to end at 42,681.21.
The U.S. and China on Monday extended their tariff truce by 90 days, delaying steep new duties as U.S. retailers prepare for the year-end shopping season.
Trump said higher tariffs will be suspended until Nov. 10, while China's Commerce Ministry announced a matching pause on planned levies and trade restrictions. Both sides said talks are continuing on trade imbalances and security concerns.
On the corporate front, Toyoda Gosei launched a tender offer for all shares of Ashimori Industry at 4,140 yen each, a 45.83% premium, to make it a wholly owned unit, according to a Tokyo bourse filing on Tuesday.
Source : MT Newswires
