
Asian Stocks: Japanese stocks rise 1.5% in half a day, reaching a nearly one-and-a-half-month high, with automotive and heavy industry stocks leading the gains
Japanese stocks rose in the early market as concerns over U.S. tariffs eased. U.S. stocks rose the previous night (8th), and the rise of the dollar against the yen also benefited export stocks. The Nikkei average index rose by 549 points or 1.5% to 37,478 points, breaking through 37,000 points for the first time since March 28.
Car stocks Toyota and Nissan rose by 1.2% and 1.4%, while Honda and Subaru rose by 2.6% and 3%. Mitsubishi Motors rose by 4.5%. Heavy industry stocks Mitsubishi Heavy Industries and Kawasaki Heavy Industries rose by 1.4% and 2.2%, while IHI rose by 3.7%.
In the semiconductor sector, Tokyo Electron and DISCO rose by 0.2% and 0.6%, Advantest and Kioxia rose by 1.6% and 2.2%, while Renesas Electronics fell by 0.4%. Fiber optic manufacturer Furukawa Electric rose by 0.8%, and SoftBank rose by 2.5%. In other stocks, Nintendo fell by 1.4%, while Sony and Fast Retailing rose by 2.2%.
The dollar rose to 145.71 against the yen
