FX.co ★ Japanese Shares Track Wall Street Higher

On Tuesday, the Nikkei 225 Index advanced by 0.4%, breaking the 35,700 mark, while the broader Topix Index saw a gain of 0.8%, reaching 2,680. This upward movement partially reversed the losses experienced in the previous session and followed a rebound in Wall Street overnight, as investors anticipated further information on the upcoming tariffs from US President Donald Trump. Market attention was also drawn to data showing an unexpected dip in Japan's unemployment rate, which fell to 2.4% in February from 2.5% in January. However, business sentiment in the first quarter showed signs of deterioration, underscoring increasing apprehension regarding the potential effects of US tariffs on Japan's export-reliant economy. Gains were led by consumer stocks, with significant performances from Nintendo, up 3.1%, Sony Group, rising 1.7%, and Fast Retailing, which increased by 1%. Other major players also recorded strong performances, including Nomura Research Institute with an impressive 11.3% increase, Toyota Motor gaining 1%, and Recruit Holdings advancing by 1.6%.