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Japan's Nikkei surges on relief after Trump pauses tariffs
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Japan's Nikkei surges on relief after Trump pauses tariffs
Apr 9, 2025 5:59 PM

TOKYO, April 10 (Reuters) - Japan's Nikkei share average

jumped on Thursday as worries about the economic impact of U.S.

tariffs receded after President Donald Trump declared an

immediate 90-day tariff pause for many countries.

At 0023 GMT, the Nikkei was up 8.8% at 34,492.05. .

The broader Topix rose 7.9% to 2,534.89.

In a stunning reversal, Trump said on Wednesday he would

temporarily lower the hefty duties he had just imposed on dozens

of countries while further ramping up pressure on China, sending

U.S. stocks rocketing.

The Nikkei's rally followed surges on Wall Street overnight,

with the S&P 500 soaring 9.5% for its biggest daily gain since

2008.

Uniqlo-brand owner Fast Retailing ( FRCOF ) jumped 8%. Toyota

Motor ( TM ) was up 9.4%. Chip-related shares surged, with

Tokyo Electron ( TOELF ) and Advantest ( ADTTF ) advancing 12% and

15%, respectively.

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