Tokyo’s stocks get higher due to concerns of tariff on Japanese imports
Japan’s key benchmark, the Nikkei 225, gained 101.13 points, or 0.26%, finishing at 39,688.81. Meanwhile, the broader Topix index rose 4.82 points, or 0.17%, ending the day at 2,816.54.
Initially, the Nikkei mirrored losses seen in the previous session on Wall Street, following U.S. President Donald Trump’s announcement of a 25% tariff on imports from Japan starting August 1.
However, the index soon turned positive as analysts noted that the tariff rate was largely consistent with the 24% rate announced in April, alleviating some investor worries.
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