Japan Stocks Jump at Open Amid US, UK Trade Deal, China Tariff Hope

MT Newswires Live
05-09

Japanese equities jumped after US President Donald Trump concluded a new trade agreement with the UK and suggested upcoming negotiations could lead to reduced tariffs on Chinese imports.

The Nikkei 225 gained 403.9 points or 1.1% to 37,332.57 at Friday's opening.

Trump pitched his trade framework with the UK as a historic achievement while the US prepared for talks with China, the biggest target of his tariff onslaught.

Trump expressed optimism that negotiations could yield tangible progress, including tariff cut, according to Bloomberg News recently.

Meanwhile, Japan reported average household spending rose 2.1% in real terms in March, and 6.4% in nominal terms to 339,232 yen from a year earlier, data released by the Ministry of Internal Affairs and Communications on Friday showed.

Elsewhere, India reported it had "neutralized" Pakistani drone and missile attacks targeting several military sites on Thursday night, marking an escalation in hostilities between the two nuclear-armed neighbors.

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