Japan's Nikkei rises as investors weigh possible flexibility on tariffs
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Japan's Nikkei share average rose on Wednesday as investors held on to hopes that U.S. President Donald Trump may approach tariffs with more flexibility than previously anticipated while announcing more reciprocal levies next week. The Nikkei closed up 0.7% at 38,027.29, marking a second consecutive day of gains. It earlier rose a little more than 1% to touch a one-month intraday high of 38,220.69. The broader Topix gained 0.6% to finish at 2,812.89. Market players were leaning into a more optimistic view after Trump said on Monday automobile tariffs were coming soon but indicated that not all of his threatened levies would be imposed next week and that some countries may get breaks. All three of Wall Street's main stock indexes ended higher on Tuesday, albeit by small amounts, in a boost to investor sentiment. Live Events The direction of equities depends on U.S. tariff policies, but Rakuten Securities' chief strategist M...