Japan's Topix index jumped 0.72% to an all-time high of 2,988 on Thursday, while the Nikkei 225 gained 0.65% to 41,059, marking its third consecutive session of gains. The rally followed a strong performance on Wall Street overnight, driven by strong corporate earnings, as investors largely shrugged off new US tariff announcements.
President Donald Trump announced a 100% tariff on imported semiconductors, excluding companies building in the US, and doubled tariffs on Indian goods to 50% in response to continued Russian oil imports.
The best-performing stocks included Fujikura (+5.3%), Sony Group (+4.1%), SoftBank Group (+1.3%), Socionext (+3.9%), and Mitsubishi UFJ (+1.9%). Conversely, chip-related stocks underperformed, with Tokyo Electron down 2.5% and Disco down 1.8%. Toyota Motor also fell 1.5% after cutting its annual operating profit forecast amid pressure from US tariffs. (alg)
Source: Trading economics
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