The Nikkei 225 jumped 329 points or 0.9%, to 37,830 in early Tuesday trade, recovering from the prior day's weakness. The rally followed a modest rise in U.S. futures after the S&P 500 eked out a gain despite Moody's downgrade of the U.S. credit outlook. The broader Topix index also climbed, extending recent gains. Investors kept a close watch on ongoing U.S.-Japan trade talks, hoping for a finalized deal by June. On the corporate front, Reuters said that Nippon Steel plans to invest $14 billion in U.S. Steel's operations. Gains were tempered by caution ahead of Japan's upcoming April trade data, with forecasts pointing to slowing exports amid rising trade barriers. Meanwhile, China is set to review its key interest rate today. Toyota Industries surged 8.3% on bets it will accept a buyout offer from Toyota Motor Chairman Akio Toyoda, with local media suggesting an announcement by June. Other notable gainers included Toyota Motor (1.7%), Advantest (2.7%), and Mizuho Financial (2.2%).(Cay)
Source: trading economi
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