FX.co ★ Japanese Shares Follow Wall Street Higher

The Nikkei 225 Index experienced a 0.4% increase, reaching over 37,600 on Tuesday. This rise broke a two-day losing streak, largely influenced by positive trends from Wall Street, despite ongoing worries regarding escalating global trade tensions. Recently, U.S. President Donald Trump announced a decision to double tariffs on steel imports to 50%, which has been met with criticism from significant trading partners and raised apprehensions about possible negative impacts on Japan’s steel industry. Concurrently, China's rejection of Trump's claims concerning breaches of a temporary trade agreement has introduced further uncertainty regarding future negotiations. In the absence of major domestic economic events today, market attention has shifted towards international developments. The increase was primarily driven by industrial and technology sectors, with significant advances from companies such as Mitsubishi Heavy (2%), Kawasaki Heavy (3.5%), Disco (1.7%), Advantest (2.5%), and Metaplanet (4.4%).