The Nikkei 225 Index rose 0.3% to around 56,990 on Tuesday, paring losses from the previous session as Japanese markets reopened after an extended holiday weekend. Domestic equities largely ignored the overnight selloff on Wall Street, which was driven by mounting worries over AI-related disruptions, persistent uncertainty surrounding President Donald Trump’s tariff agenda, and escalating tensions between the US and Iran.
On Friday, the US Supreme Court struck down Trump’s emergency tariffs, injecting fresh uncertainty into global markets. In response, Tokyo urged Washington to clarify that the ruling would not adversely affect Japanese companies and reaffirmed its commitment to maintaining the existing trade agreement with the US.
Technology stocks led the rebound, with notable gains in Kioxia Holdings (4.7%), Fujikura (6.1%), and Advantest (2.9%). Other strong performers included Furukawa Electric (11.2%), JX Advanced Metals (6.1%), and Sumitomo Electric (10.1%).
