financetom
Market
financetom
/
Market
/
Japan's Nikkei ends lower as court battle over US tariffs weighs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei ends lower as court battle over US tariffs weighs
May 30, 2025 12:13 AM

(Updates with closing prices)

TOKYO, May 30 (Reuters) - Japan's Nikkei share price

average ended lower on Friday, weighed down by uncertainty

surrounding a court battle about U.S. President Donald Trump's

tariffs as well as a stronger yen which hurt exporters.

The Nikkei index fell 1.22% to close at 37,965.1,

having ended the previous trading session at its highest point

in more than two weeks. It rose 2.17% over the week.

The broader Topix fell 0.37% to 2,801.57 and rose

2.41% for the week.

"Japanese shares rose yesterday on expectations that the

impact of Trump's tariffs on the global economy would be eased,

but that positive mood was erased overnight," said market

analyst Shuutarou Yasuda at Tokai Tokyo Intelligence Laboratory.

A federal appeals court temporarily reinstated the most

sweeping of Trump's tariffs on Thursday, a day after a trade

court ruled that the president had exceeded his authority in

imposing the duties and ordered an immediate block on them.

The U.S. dollar fell following the news, pushing the yen as

high as 143.45 on Friday.

Strong inflation data on Friday for Japan's capital also

helped the yen to strengthen, strategists said.

Automakers fell, with Nissan Motor ( NSANF ) and Honda Motor ( HMC )

slipping 3.13% and 1.87%, respectively. Toyota Motor ( TM )

erased early loss to end 1.26% higher.

A stronger yen typically weighs on exporter shares by

reducing the value of overseas earnings when converted back into

Japanese currency.

Chip-related shares fell, with Advantest ( ADTTF ) and Tokyo

Electron ( TOELF ) down 3.61% and 4.76% respectively, to drag on

the Nikkei the most.

Bucking the trend, drugmakers rose, with Otsuka Holdings ( OTSKY )

jumping 6.82% to provide the biggest support for the

Nikkei.

Of more than 1,600 stocks trading on the Tokyo Stock

Exchange's prime market, 57% rose, 38% fell and 3% were flat.

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 >
US Equity Futures Tread Water Ahead of Shortened Black Friday Session
US Equity Futures Tread Water Ahead of Shortened Black Friday Session
Nov 29, 2024
08:56 AM EST, 11/29/2024 (MT Newswires) -- US equity futures were little changed before Friday's opening bell as traders returned from the Thanksgiving holiday ahead of a shortened trading session on Wall Street. Dow Jones Industrial Average futures and S&P 500 futures each increased 0.1% and Nasdaq futures were marginally up. US stock markets will close early at 1 pm...
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Ahead of US Farm Prices Data
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Ahead of US Farm Prices Data
Nov 29, 2024
08:18 AM EST, 11/29/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.4% in Friday's premarket activity as investors look forward to the US farm prices report for October. US stock futures were also higher, with S&P 500 Index futures...
Sector Update: Tech
Sector Update: Tech
Nov 29, 2024
08:46 AM EST, 11/29/2024 (MT Newswires) -- Technology stocks rose in Friday's premarket hours as the Technology Select Sector SPDR Fund (XLK) was up 0.2% and the SPDR S&P Semiconductor ETF (XSD) was almost 1% higher. StoneCo ( STNE ) received multiple nonbinding acquisition proposals for Linx but the offers were below the price it paid for the software platform...
Traders Return Ahead of Shortened Black Friday Session, Driving Narrow Premarket Gains for US Equity Futures
Traders Return Ahead of Shortened Black Friday Session, Driving Narrow Premarket Gains for US Equity Futures
Nov 29, 2024
08:17 AM EST, 11/29/2024 (MT Newswires) -- US equity futures were cautiously higher pre-bell Friday as traders returned from the Thanksgiving holiday ahead of a shortened trading session on Wall Street. Dow Jones Industrial Average futures rose 0.3%, S&P 500 futures increased 0.3%, and Nasdaq futures were up 0.2%. US stock markets will close early at 1 pm ET. Oil...
Copyright 2023-2025 - www.financetom.com All Rights Reserved