Japan automakers propel Nikkei after Trump hints at tariff relief
The Nikkei gained 1% to 34,321.92, with the top eight performers all being carmakers or auto component manufacturers. The broader Topix added 1.3%.
Speaking on Monday at the
Despite the surge in auto-sector shares and concerns over potential trade policy reversals from Trump, the Nikkei's second straight 1% gain is likely a welcome relief for investors. Last week, they were whipsawed by extreme market swings, with alternating days of sharp sell-offs and rebounds of up to 9%.
"For the first time in a while, trading is back to what you
would call normal ranges," said
At the same time he cautioned that market moves may pick up
again with earnings season in
"Trump says the aim is to get factories moved to
(Reporting by
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