FX.co ★ Japanese Shares Jump on US Trade Court Ruling

The Nikkei 225 Index advanced by 1.4%, surpassing 38,200, while the broader Topix Index rose 1.1% to reach 2,800 on Thursday. This movement continues the week’s rally following a US federal court’s decision to block President Donald Trump’s global tariff measures. The US Court of International Trade found that Trump had overstepped his authority in implementing reciprocal tariffs, ordering the measures to be vacated and permanently halted. The Trump administration intends to appeal this ruling. Domestically, Bank of Japan Governor Kazuo Ueda expressed increasing concerns about the rise in super-long-term bond yields, emphasizing the need to monitor potential spillover effects on short-term debt markets. These remarks underscore the central bank’s cautious approach amid changing interest rate trends. Among the notable gainers were Fujikura, advancing by 4.1%, Disco with a rise of 1.9%, Advantest up by 2.7%, Kawasaki Heavy Industries increasing by 1.6%, and Mitsubishi UFJ Financial Group also up by 1.6%.