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Japan's Nikkei rallies as US tariff fears ease, yen softens
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Japan's Nikkei rallies as US tariff fears ease, yen softens
Mar 24, 2025 5:34 PM

TOKYO, March 25 (Reuters) - Japan's Nikkei share average

rallied in early trade on Tuesday as indications that impending

U.S. tariffs against trading partners may be more measured and

targeted than previously feared injected fresh optimism into

markets.

A softer yen going into the day also gave an additional

boost to overall investor sentiment.

The Nikkei rose 1% to 38,002.70 as of 0010 GMT.

The broader Topix was up 0.6% after briefly rising as

high as 2,818.36, its highest since July 24.

Japanese equities took their cue from all three major U.S.

stock indexes finishing sharply higher on Monday, with the S&P

500 closing at its highest in over two weeks as Wall Street took

the latest comments from U.S. President Donald Trump as a sign

of flexibility on the tariff blitz that has rocked markets.

The dollar last traded at 150.82 yen after the

Japanese currency depreciated overnight, buoying

exporter-related shares that tend to benefit from a softer yen.

Among major shares, automaker Toyota Motor ( TM ) and

Uniqlo parent firm Fast Retailing ( FRCOF ) were up, along with

big-name technology shares SoftBank Group, Tokyo

Electron ( TOELF ), and Advantest ( ADTTF ).

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