Tokyo Stocks Close Wednesday on Positive Note
(MENAFN) Tokyo’s stock market closed higher on Wednesday, driven by a softer yen that bolstered shares of exporters. Investors remain cautious, closely monitoring progress in Japan-U.S. tariff negotiations before a new 25 percent tariff is set to be imposed on August 1.
Japan’s premier Nikkei 225 index rose by 132.47 points, or 0.33 percent, settling at 39,821.28, while the broader Topix index gained 11.62 points, or 0.41 percent, to close at 2,828.16.
Export-focused automobile companies attracted buying interest amid the yen’s depreciation. Meanwhile, major semiconductor stocks followed the upward momentum of their U.S. peers from the previous session.
The U.S. tariff rate of 25 percent on imports from Japan, announced by President Donald Trump, is notably lower than the 30 to 35 percent rates previously suggested. This announcement has eased market concerns, with analysts noting that Japan still has a window for further negotiation before the August 1 deadline.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
