Tokyo Stocks Extend Gains on U.S. Tariff Relief

2025-08-12 08:35:36

(MENAFN) Tokyo’s stock market extended its rally on Tuesday, propelled by robust gains on Wall Street. The Nikkei 225 soared 897.69 points, or 2.15%, closing at 42,718.17 — its highest finish in 13 months.

Investor confidence received a boost after Japan secured special exemptions under the U.S. tariff framework. Additionally, strong corporate earnings reports spurred buying activity, with foreign short-term investors aggressively purchasing Nikkei futures. This triggered short-covering, further accelerating the market’s advance.

A weaker yen, hovering near 148 against the dollar, added momentum by lifting export-focused shares.

Meanwhile, the broader Topix index climbed 42.16 points, or 1.39%, to 3,066.37, marking a second straight record close.

On the Tokyo Stock Exchange Prime Market, advancing stocks outpaced decliners 964 to 600, while 59 issues remained unchanged.

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