TOKYO, March 5 (Xinhua) -- Tokyo stocks rebounded on Wednesday as investors reacted positively after U.S. President Donald Trump's speech to Congress did not specifically target Japan, prompting short-term buyers to enter the market.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 37,418.24, up 87.06 points, or 0.23 percent from the previous day.

However, concerns about a potential global economic slowdown due to escalating tariff conflicts between the United States and other nations led to a decline in U.S. stocks overnight, causing the Nikkei to fluctuate in the morning session.

The Nikkei 225 saw a sharper rise in the afternoon, at one point gaining nearly 270 points. Reports suggested that the U.S. government might announce a path to tariff reductions for Canada and Mexico, easing market concerns.

Additionally, a weakening yen against the U.S. dollar supported export-related stocks like Toyota and Honda.

The Tokyo Stock Price Index (TOPIX) also rebounded, closing 8.03 points, or 0.30 percent higher at 2,718.21.

On the Tokyo Stock Exchange Prime Market, advancing stocks outnumbered declining ones, with 1,090 stocks rising, 489 falling, and 59 remaining unchanged. Enditem

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