3 June 2025, 04:16  Japan: Japanese Shares Follow Wall Street Higher.

The Nikkei 225 Index rose 0.4% to above 37,600 on Tuesday, snapping a two-day decline and taking cues from a positive lead on Wall Street despite investor concerns over rising global trade tensions. US President Donald Trump’s recent announcement to double tariffs on steel imports to 50% drew criticism from key trading partners and raised concerns about potential ripple effects on Japan’s steel industry. Meanwhile, China rejected Trump’s claims that it had breached a temporary trade agreement, adding uncertainty to the outlook for future negotiations. With no major domestic economic data scheduled for release today, market focus remained on global developments. Industrial and technology stocks led the rebound, with notable gains from Mitsubishi Heavy (2%), Kawasaki Heavy (3.5%), Disco (1.7%), Advantest (2.5%), and Metaplanet (4.4%).

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