FX.co ★ Japan Stocks Trade Notably Higher

The Nikkei 225 rose by 329 points or 0.9% to reach 37,830 in early trading on Tuesday, rebounding from the previous day's decline. This surge came on the heels of a slight uptick in U.S. futures after the S&P 500 managed a gain despite Moody's downgrading the U.S. credit outlook. The broader Topix index also saw an increase, maintaining its recent upward momentum. Investors are closely monitoring ongoing trade discussions between the U.S. and Japan, with hopes for a conclusion by June. In corporate news, Reuters reports that Nippon Steel is preparing to invest $14 billion in U.S. Steel's operations. However, gains were somewhat limited due to cautious sentiments ahead of Japan’s forthcoming April trade data, which analysts forecast may show a decline in exports due to escalating trade barriers. On a related note, China is set to review its key interest rate today. In the corporate sphere, Toyota Industries experienced a surge of 8.3%, driven by speculation it will accept a buyout offer from Toyota Motor's Chairman, Akio Toyoda, with local media hinting at a potential announcement by June. Other significant gainers included Toyota Motor, with a 1.7% increase, Advantest at 2.7%, and Mizuho Financial at 2.2%.