The Nikkei 225 Index rose 1% to above 34,300 while the broader Topix Index added 1.2% to 2,518 on Tuesday, extending gains from the previous session and taking cues from a strong lead on Wall Street overnight. Major US stock indexes advanced on Monday as President Donald Trump exempted key electronic products from his reciprocal tariffs, while also reportedly considering pausing his 25% levies on auto imports.
However, caution lingered as the US Commerce Department launched a national security investigation into semiconductor and pharmaceutical imports, keeping global markets on alert. Investors are now focused on the upcoming US-Japan trade negotiations, expected to provide further direction for the market. Auto stocks led the rally in Tokyo, with notable gains from Suzuki Motor (+5%), Toyota Motor (+4.8%), and Honda Motor (+5%). Financials, industrials, and consumer-related stocks also posted solid advances.
Source: Trading Economics
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