Correction with corrected day in the first paragraph
Tokyo (AWP/AFP) – The Tokyo Stock Exchange rebounds 6% on Tuesday, resuming its breath after its 8% tumble the day before the American customs offensive, boosted by the resumption of Tech values, and reassured by the prospect of negotiations between Japan and the United States.
In Tokyo around 00:40 GMT, the Nikkei star index increased 6.13% to 33,041, while the enlarged Topix index climbed from 6.54% to 2,438 points.
The Nikkei index had tumbled 7.82% on Monday, in unison with a debacle of Asian scholarships, panicked by the economic impact of customs duties imposed by US President Donald Trump.
On the Seoul Stock Exchange, the Kospitic index earned 1.72% Tuesday half an hour after the opening. The Sydney Stock Exchange rose 1.21%.
The Hong Kong and Taiwanese markets, not yet open, could also pull themselves together after their “black Monday”.
The Hong Kong Stock Exchange had finished on Monday at 13.22%, its strongest fall since the Asian stock market crisis in 1997. That of Taiwan has unscrewed 9.7% at the end of its creation in 1967.
Admittedly, the risks linked to the climbing of an all -round trade war persists, Donald Trump threatening to further inflate the rights to Chinese products if Beijing retaliated to his customs offensive.
But investors on the Japanese scholarship are tempted by cheap purchases “after a fall of more than 4,500 Nikkei points in three sessions,” observe the Tokai Tokyo Intelligence experts.
Even more, “they predict the continuation of discussions between Tokyo and Washington on commercial policy, and the hope of advances (towards a compromise) is also encouraging for the market,” they insist.
Japanese Prime Minister Shigeru Ishiba announced on Monday that he had heard by phone with Donald Trump to continue discussions on American customs duties, whom he hopes to have changed.
The United States Minister of Finance, Scott Bessent, even told the Fox News television channel that “Japan would have priority” in future talks with the United States business partners, according to words reported by Bloomberg.
Finally, “the stabilization of the action (from the American giant of semiconductors) NVIDIA” and other American titles linked to fleas “trigger redemptions of Japanese action with high added value” in the technological sector, complete the analysts of the Monex Securities broker.
In fact, Japanese firms linked to semiconductors, which had recently collapsed against the background of technological production channels across Asia, bounced back on Tuesday, like Advantest (+11.6%), Disco Corp (+11.9%) or Tokyo Electron (+9.26%).
For his part, Nippon Steel jumped up to 11% in Tokyo, after President Donald Trump launched a new examination of the Japanese stereist project to buy his US Steel American rival. He earned another 9.60% around 00:40 GMT.
The Japanese action Steel had been sealed in recent months by the opposition of ex-President Joe Biden to his US Steel buyout project. According to several media, Mr. Trump’s reversal revives the hope of a green light to the wedding.
jug/gmo
