Japan, stock indexes
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With stocks at records, Trump's trade deal with Japan is another bullish catalyst for investors as the market moves toward the August 1 tariff deadline.
Key Points Wolfspeed's stock reacted positively to a new U.S.-Japan trade deal.This agreement could benefit Wolfspeed by strengthening ties with a key Japanese chip manufacturer and boosting the electric vehicle market,
On July 22, Japan's stock market experienced significant volatility due to election uncertainties. The Nikkei 225 index rose over 1% but later fell by 0.60%, while the broader TOPIX index also declined by approximately 0.
The Indian benchmark indices, the Sensex and Nifty50, opened higher on Wednesday, in line with Asian markets, buoyed by the US-Japan trade agreement.
The downside risk to the USD/JPY exchange rate has become greater since Japan's election and traders should short the cross with a target of 142. That's according to a new note by a team of forex strategists at Nomura led by Yusuke Miyairi.
Overall, economists say the tariffs inevitably will dent growth in Asia and the world. A staff member distributes an extra edition of the Yomiuri Shimbun newspaper reporting that President Donald Trump announced a trade framework with Japan on Tuesday,
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