FX.co ★ Japanese Shares Rise Despite Tariff Worries

The Nikkei 225 experienced an uptick of 0.33% to conclude at 39,821 on Wednesday, while the more comprehensive Topix Index saw a rise of 0.41% to finish at 2,828. This marks sustained growth from the previous trading session, even amidst escalating trade tensions. Market participants evaluated the latest tariff announcements from the US, where President Donald Trump confirmed that there would be no adjustments or postponements to the new duties impacting 14 countries. Japan, in particular, is set to encounter a 25% tariff starting August 1. Japanese Prime Minister Shigeru Ishiba described this decision as "truly regrettable" but stressed that Japan will persist in negotiating with the US to reach a mutually advantageous agreement. Beyond the targeted measures for Japan, Trump also introduced a 50% tariff on copper imports and hinted at possible tariffs as steep as 200% on pharmaceutical products, amplifying fears about global trade challenges. Among the standout performers, Sanrio advanced by 2.5%, Toyota Motor increased by 0.9%, and SoftBank Group grew by 0.8%.