FX.co ★ Japanese Shares Rise as Trump Sets New Tariff Rate

On Tuesday, the Nikkei 225 experienced a modest increase of 0.3%, surpassing the 39,700 mark, while the broader Topix Index saw a slight rise of 0.1%, reaching 2,815. This recovery followed losses from the previous session, sparked by US President Donald Trump's announcement that Japan will face a 25% tariff starting August 1, allowing an extended period for negotiations. This move presents a decrease from the earlier threatened rate of up to 35%, alleviating some investor anxiety. Simultaneously, Japanese Prime Minister Shigeru Ishiba maintained a strong position, asserting on Sunday that he will not "easily compromise" in discussions with Washington. Domestically, data revealed that Japan's current account surplus in May surpassed expectations, providing further support to market sentiment. Among the notable gainers were Fujikura, climbing 4%, Furukawa Electric, rising 5.5%, Recruit Holdings, up 2%, Advantest, increasing 1.7%, and Tokyo Electron, which added 0.8%.