Tokyo stocks ended higher on Wednesday after Japan and the United States reached a trade deal with 15 percent U.S. tariffs on autos and other products.
Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 1,396.40 points, or 3.51 percent, from Tuesday to 41,171.32, its highest level since July 16, 2024.
The broader Topix index, meanwhile, finished 90.19 points higher, up 3.18 percent, at 2,926.38.
The market reacted positively after Tokyo and Washington agreed on the deal under which 15 percent tariffs will be imposed on Japanese autos and other products, lower than initially proposed by U.S. President Donald Trump, analysts said.
Zhu Zhu, a China Global Television Network (CGTN) reporter, recapped stock markets' performance of Japan on Wednesday as follows:
Japan's Nikkei surged over 3 percent, joining gains in other Asian markets after a U.S.-Japan trade deal was announced. A new deal sets 15 percent tariffs on most Japanese goods, apart from aluminum and steel. That's much lower than what Donald Trump previously had threatened, a 25 percent tariffs on most Japanese goods.
CGTN reporter recaps Japanese stock market's performance on Wednesday
