This file photo shows the Tokyo Stock Exchange. (Mainichi)
TOKYO (Kyodo) — Tokyo stocks climbed Tuesday after U.S. President Donald Trump indicated the possibility of excluding some countries from his reciprocal tariffs, easing concerns over their impact on the global economy.
The 225-issue Nikkei Stock Average ended up 172.05 points, or 0.46 percent, from Monday at 37,780.54. The broader Topix index finished 6.64 points, or 0.24 percent, higher at 2,797.52.
On the top-tier Prime Market, gainers were led by precision instrument, real estate, and textile and apparel issues.
The U.S. dollar was mostly firm in the upper 150 yen range in Tokyo, as the Japanese currency, seen as a safe-haven asset, was sold after concerns over U.S. tariffs abated.
The advance on the stock market was led by some technology issues tracking Wall Street gains overnight and export-linked auto shares on a weaker yen, which boosts repatriated earnings of exporters.
But gains were later trimmed as investors locked in profits after the Nikkei rose above the key 38,000 line in the morning, brokers said.
“The market has been moving up and down in response to what President Trump said,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co.
“Investors are likely to remain unsettled until they see more details” on the tariff plans, Ichikawa said, adding participants tend to refrain from taking risks when prospects of such issues are unclear.
AloJapan.com