financetom
Market
financetom
/
Market
/
Japan's Nikkei bounces as US tariff pause eases market concerns
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei bounces as US tariff pause eases market concerns
Feb 3, 2025 7:39 PM

(Updates for midday market close)

By Brigid Riley

TOKYO, Feb 4 (Reuters) - Japan's Nikkei share average

rebounded on Tuesday as concerns around U.S. tariffs eased after

President Donald Trump suspended his threat of steep tariffs on

Mexico and Canada, helping battered automakers recover.

The Nikkei gained 1.6% to 39,140.41 as of the midday

break as investors bought back shares after the benchmark index

logged its worst session in four months on Monday. The broader

Topix added 1.4% to sit at 2,757.47.

Trump agreed to a 30-day pause before engaging in

further negotiations with neighbouring Canada and Mexico,

alleviating immediate fears that rattled global markets on

Monday.

Among stocks rallying on Tuesday were Japanese automakers,

which took a hit in the last session as investors weighed how

tariffs on Mexico might impact auto production. Several

automakers have factories in Mexico.

The auto sub-index rebounded, climbing 2.3% to be

one of the top performers among the Tokyo Stock Exchange's 33

industry groups.

However, uncertainties over the implications of the tariffs

going forward remained.

Kazuo Kamitani, an equities strategist at Nomura Securities,

noted that while Toyota ( TM ) recovered some degree of

Monday's losses in early trade, major Japanese automakers didn't

rise as much as expected.

"Considering that we're still looking at a trade war in one

month, it might be difficult for Toyota ( TM ) to see a more

significant bounce back," he said.

Toyota Motor ( TM ) was last up 2.9%.

Along with lingering questions about U.S. tariffs on Canada

and Mexico, trade barriers on China are still due to take effect

within hours.

Among individual stocks, domestic company revenue reports

created some of the biggest percentage winners and losers on the

Nikkei.

Ceramics maker Kyocera ( KYOCF ) soared 9% and Murata

Manufacturing ( MRAAF ) jumped 5.8%. Mitsubishi Motors ( MMTOF )

slid 13.1% to the bottom of the pack.

Of the Nikkei's 225 constituents, 189 rose and 35 declined.

One share was untraded.

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 pares gains as market weighs US-China tariffs
Japan's Nikkei pares gains as market weighs US-China tariffs
Feb 3, 2025
(Updates for market close) By Brigid Riley TOKYO, Feb 4 (Reuters) - Japan's Nikkei share average rose on Tuesday after U.S. President Donald Trump suspended his threat of steep tariffs on Mexico and Canada, before paring some gains as tit-for-tat levies ensued between the U.S. and China. The Nikkei rose as much as 1.8% as investors bought back shares after...
JGB yields rise to multi-year highs as markets weigh US tariffs
JGB yields rise to multi-year highs as markets weigh US tariffs
Feb 3, 2025
TOKYO, Feb 4 (Reuters) - Japanese government bond (JGB) yields rose to multi-year highs on Tuesday alongside U.S. Treasury yields as investors continued to weigh the impact of U.S. tariffs while eyeing the Bank of Japan's rate path outlook. The 10-year JGB yield touched a 14-year peak of 1.27%, while 10-year JGB futures fell 0.21 points to 140.54 yen. JGB...
HK-listed Chinese stocks up even as China, US tariffs roll
HK-listed Chinese stocks up even as China, US tariffs roll
Feb 3, 2025
(Updates with China tariffs) By Jiaxing Li Hong Kong, Feb 4 (Reuters) - Chinese stocks listed in Hong Kong surged on Tuesday as investors loaded up on artificial intelligence and electric vehicle shares while shrugging off news of tit-for-tat Sino-U.S. tariffs on each others' goods. China's finance ministry announced a package of tariffs on a range of U.S. products in...
Japan's Nikkei bounces as US tariff pause eases market concerns
Japan's Nikkei bounces as US tariff pause eases market concerns
Feb 3, 2025
(Updates for midday market close) By Brigid Riley TOKYO, Feb 4 (Reuters) - Japan's Nikkei share average rebounded on Tuesday as concerns around U.S. tariffs eased after President Donald Trump suspended his threat of steep tariffs on Mexico and Canada, helping battered automakers recover. The Nikkei gained 1.6% to 39,140.41 as of the midday break as investors bought back shares...
Copyright 2023-2026 - www.financetom.com All Rights Reserved