financetom
Market
financetom
/
Market
/
Japan's Nikkei rises as US court halts Trump tariffs, chipmakers rally
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei rises as US court halts Trump tariffs, chipmakers rally
May 28, 2025 6:36 PM

TOKYO, May 29 (Reuters) - Japan's Nikkei share average

climbed on Thursday after a U.S. federal court blocked President

Donald Trump's tariffs from going into effect, while a rally in

chip-related stocks following positive earnings from Nvidia also

lifted the index.

As of 0045 GMT, the Nikkei was up 1.4% at 38,238.02.

The broader Topix rose 1.24% to 2,803.96.

The Manhattan-based Court of International Trade ruled that

Trump overstepped his authority by imposing across-the-board

duties on imports from nations that sell more to the United

States than they buy.

The U.S. dollar surged following the court decision, pushing

the yen down 0.74% to 145.96 against the greenback in early

Thursday trading.

A weaker yen tends to benefit local stocks, as it boosts the

yen value of overseas earnings for Japanese companies when those

profits are repatriated.

Chip-related shares jumped after Nvidia beat

quarterly sales expectations, with Advantest ( ADTTF ) and Tokyo

Electron ( TOELF ) rising 3% each.

Cable maker Fujikura ( FKURF ), a gauge for AI investments,

rose 4.5% to become the top percentage gainer in the Nikkei.

Automakers advanced, with Toyota Motor ( TM ) rising 3%,

helping to lift the auto and auto parts sector by

2.5%, making it the top performer among the Tokyo Stock

Exchange's 33 industry sub-indexes.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan's Nikkei touches 2-week low as yen gains after Trump fires Fed's Cook
Japan's Nikkei touches 2-week low as yen gains after Trump fires Fed's Cook
Aug 25, 2025
TOKYO, Aug 26 (Reuters) - Japan's Nikkei share average fell to a two-week low on Tuesday, as the yen strengthened after U.S. President Donald Trump said he would fire Federal Reserve Governor Lisa Cook. As of 0049 GMT, the Nikkei dropped 1.4% to 42,215.57, hitting its lowest level since August 12. The broader Topix slipped 1.19% to 3,068.57. The yen...
Australia's Fortescue reports smallest annual profit in 6 years on lower iron ore prices
Australia's Fortescue reports smallest annual profit in 6 years on lower iron ore prices
Aug 25, 2025
MELBOURNE (Reuters) -Australia's Fortescue reported its smallest full-year profit in six years, meeting analyst estimates, on Tuesday and maintained its dividend payout while reaffirming its commitment to green energy after refocusing its growth strategy. The world's fourth-largest iron ore miner said attributable net profit after tax came in at $3.37 billion for the year ended June 30, down from $5.68...
COLUMN-Powell plays best hand he can from a politically stacked deck: McGeever
COLUMN-Powell plays best hand he can from a politically stacked deck: McGeever
Aug 25, 2025
ORLANDO, Florida, Aug 25 (Reuters) - Federal Reserve Chair Jerome Powell is coming under fire for appearing to cave to political pressure in his Jackson Hole speech on Friday, which opened the door to an interest rate cut next month, a shift from his more hawkish stance only a few weeks ago. But the charge is unfair. The heat is...
Interactive Brokers to Join S&P 500, Replacing Walgreens
Interactive Brokers to Join S&P 500, Replacing Walgreens
Aug 25, 2025
06:04 PM EDT, 08/25/2025 (MT Newswires) -- Interactive Brokers Group ( IBKR ) will replace Walgreens Boots Alliance ( WBA ) in the S&P 500, effective prior to the opening of trading on Thursday. Sycamore Partners is acquiring Walgreens in a deal expected to be completed soon, S&P Dow Jones Indices, part of S&P Global ( SPGI ) , said...
Copyright 2023-2026 - www.financetom.com All Rights Reserved