Reported 9 days ago
Japanese shares experienced a significant rebound following a call between Prime Minister Shigeru Ishiba and US President Donald Trump, which raised hopes for a potential tariff deal. The broader Topix index rose 6.3% while the Nikkei 225 increased by 6%, marking the largest gains since August. This surge was fueled by optimism surrounding trade negotiations that could alleviate an impending 24% import levy, despite a decline of over 7% in both indexes since the tariffs were first announced. The weaker yen and strong performance from exporters also contributed to the rally.
Source: YAHOO