- Japan’s Nikkei jumps 9% after U.S. announces temporary tariff pause.
- Topix index gains 7.9%, tracking Wall Street’s strongest day since 2008.
- Fast Retailing, Toyota, and chipmakers lead the rally.
- Markets breathe a sigh of relief as U.S. pressure shifts solely to China.
Tokyo Stocks Surge as Trump’s Tariff Reversal Sparks Global Market Relief
Japan’s stock market staged a powerful rally Thursday, with the Nikkei 225 jumping 8.8% to 34,492.05, after U.S. President Donald Trump unexpectedly declared a 90-day pause on new tariffs for dozens of countries. The move soothed investor concerns about a deepening global trade war, shifting immediate trade pressure almost entirely onto China.
The Topix index, which tracks a broader range of Japanese shares, rose 7.9% to 2,534.89, mirroring the optimism seen on Wall Street, where the S&P 500 surged 9.5% on Wednesday — its biggest one-day gain since the 2008 financial crisis.
The sudden reversal by Trump came just hours after slapping new tariffs on over 180 countries. His decision to delay most of those duties, while increasing pressure on China, sent a powerful signal that a full-scale global trade war might yet be averted.
Market Movers:
- Fast Retailing, owner of the Uniqlo brand, jumped 8%, benefiting from relief in global retail sentiment.
- Toyota Motor climbed 9.4%, as automakers welcomed the tariff delay.
- Chipmakers Tokyo Electron and Advantest soared 12% and 15%, respectively, amid improved sentiment for export-heavy tech stocks.
While the rally is being viewed as a short-term reaction to reduced tariff anxiety, analysts remain cautious. “Markets are running with the idea that the worst-case scenario is off the table for now,” said one Tokyo-based strategist. “But all eyes are still on U.S.-China talks — this is far from over.”
With investor focus turning back to earnings and economic fundamentals, the tariff pause may offer markets a brief window of stability.
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