DJIA29398.08
LIVE0(0.00%)
NDX9623.58
LIVE0(0.00%)

Tokyo Stocks Advance on Trump's Comments on Japan Auto Tariffs; Subaru, Tyremakers Shine


Tuesday, 27 August 2019 13:49 WIB

Nikkei 225Saham JepangIndeksTopix


c_740_198_16777215_00_images_assets_NIKKEI2_3TlJD5NGRI.jpg

Japanese shares made a modest rebound on Tuesday after the previous session’s sharp selloff, as investors registered relief after President Donald Trump said the United States had no plan to imminently impose new tariffs on autos imported from Japan.

The Nikkei share average advanced 1.0% to 20,456.08, with Subaru and tyremakers leading the gains. On Monday, the benchmark lost 2.2% to hit the lowest closing level since January 11. The broader Topix added 0.8% to 1,489.69, with 31 of Tokyo’s 33 subindexes gaining.

Asked if he was still considering the U.S. tariffs on Japanese cars, President Trump told a news conference late on Monday that his administration is not looking at that although it’s something he could do at a later date if he wanted to.

This boosted prices of Tokyo-listed carmakers, tyremakers and car parts makers.

Subaru Co, which has the biggest revenue exposure to the United States among Japanese carmakers, jumped 4.9%, and the transport equipment sector gained 1.2%.

Source : Reuters


RELATED NEWS

  • Hong Kong stocks opened lower on Monday as the death toll from China's new coronavirus jumped and concerns deepened over the potential economic fallout from the epidemic. The Hang Seng Index fell 0.1...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.