FX.co ★ Japanese Shares Advance as Yen Retreats

The Nikkei 225 Index rose by 0.51% to reach a closing figure of 37,724 on Tuesday. Simultaneously, the broader Topix Index experienced a rise of 0.64%, closing at 2,769. This performance marks the third consecutive session of gains within the Japanese stock market. The upward trajectory was largely influenced by a weakening yen, enhancing the prospects for Japan’s export-reliant industries and increasing the attractiveness of Japanese assets for international investors. On the global trade stage, market sentiment improved following an announcement from US President Donald Trump that he would delay the imposition of 50% tariffs on European Union imports until July 9, counteracting a previous decision to enforce them by June 1. In the meantime, China and the European Union are fortifying their trade relations in light of escalating US protectionism, with a new series of negotiations slated for early next month. Leading the gains were significant industrial and manufacturing firms, including Kawasaki Heavy Industries, which rose by 4.6%, Mitsubishi Heavy Industries with a 2.8% increase, Fujikura up by 2.8%, Sanrio soaring by 5.8%, and IHI Corp advancing by 2.4%.