financetom
World
financetom
/
World
/
Japan's Nikkei surges on relief after Trump pauses tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei surges on relief after Trump pauses tariffs
Apr 9, 2025 5:59 PM

TOKYO, April 10 (Reuters) - Japan's Nikkei share average

jumped on Thursday as worries about the economic impact of U.S.

tariffs receded after President Donald Trump declared an

immediate 90-day tariff pause for many countries.

At 0023 GMT, the Nikkei was up 8.8% at 34,492.05. .

The broader Topix rose 7.9% to 2,534.89.

In a stunning reversal, Trump said on Wednesday he would

temporarily lower the hefty duties he had just imposed on dozens

of countries while further ramping up pressure on China, sending

U.S. stocks rocketing.

The Nikkei's rally followed surges on Wall Street overnight,

with the S&P 500 soaring 9.5% for its biggest daily gain since

2008.

Uniqlo-brand owner Fast Retailing ( FRCOF ) jumped 8%. Toyota

Motor ( TM ) was up 9.4%. Chip-related shares surged, with

Tokyo Electron ( TOELF ) and Advantest ( ADTTF ) advancing 12% and

15%, respectively.

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 >
Bank Profits, Easing Bond Yields Firm European Bourses Midday
Bank Profits, Easing Bond Yields Firm European Bourses Midday
Feb 5, 2025
06:41 AM EST, 02/05/2025 (MT Newswires) -- European bourses tracked mixed and sideways midday Wednesday, as traders weighed earnings reports, softer interest rates, and evolving trade and geopolitical tensions. Property and oil stocks gained, while retail and tech issues lagged. Spanish lender Banco Santander traded up 7% midsession in Madrid, after reporting an attributable profit in 2024 up 14% on...
Morning Bid: Alphabet flubs, Yen surges, China returns
Morning Bid: Alphabet flubs, Yen surges, China returns
Feb 5, 2025
A look at the day ahead in U.S. and global markets from Mike Dolan As the week's tariff rollercoaster levels out a bit, Wall Street stocks are tilting lower again - clouded by a poor reception for Alphabet's results, lingering China tariff hike plans and fresh interest rate rise speculation in Japan. U.S. stock futures were back in the red...
MORNING BID AMERICAS-Alphabet flubs, Yen surges, China returns
MORNING BID AMERICAS-Alphabet flubs, Yen surges, China returns
Feb 5, 2025
A look at the day ahead in U.S. and global markets from Mike Dolan As the week's tariff rollercoaster levels out a bit, Wall Street stocks are tilting lower again - clouded by a poor reception for Alphabet's results, lingering China tariff hike plans and fresh interest rate rise speculation in Japan. U.S. stock futures were back in the red...
Euro zone yields drop to multi-week lows, await ECB neutral rate estimate
Euro zone yields drop to multi-week lows, await ECB neutral rate estimate
Feb 5, 2025
Feb 5 (Reuters) - Euro area government bond yields dropped to multi-week lows on Wednesday as investors feared a possible disinflationary impact of U.S. tariffs, which could lead the European Central Bank to deepen its easing path. Investors also await updated estimates of the so-called neutral rate (r*) that the ECB staff will publish on Friday. R* is the interest...
Copyright 2023-2025 - www.financetom.com All Rights Reserved