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Tokyo stocks rebound as U.S. delays tariffs

0 Comment(s)Print E-mail Xinhua, February 4, 2025
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TOKYO, Feb. 4 (Xinhua) -- Tokyo stocks rebounded on Tuesday as the U.S. government decided to delay the planned tariffs on Mexico and Canada, easing concerns over a global economic downturn.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 38,798.37, up 278.28 points, or 0.72 percent from the previous day.

The U.S. tariff delay prompted short-term foreign investors to buy back stock index futures, briefly pushing the Nikkei 225 up by more than 600 points.

Shares of Toyota and Honda, which had declined the previous day, rebounded alongside other automotive stocks.

The broader Tokyo Stock Price Index (TOPIX) also rebounded, closing at 2,738.02, up 17.63 points, or 0.65 percent.

Among the listed stocks on the Tokyo Stock Exchange Prime Market, 858 rose, while 721 declined, and 60 remained unchanged. Enditem

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