Japan Stocks Rise as Automakers Provide Boost, Yen Pares Gain
- Investors feeling relieved over yen moves: Securities Japan
- Toyota, Subaru among biggest contributors to Topix’s advance
U.S. Confirms North Korea Rocket Was ICBM
Japanese shares advanced as automakers and electronics producers boosted the Topix index, while investors weighed the international reaction to North Korea’s test launch of an intercontinental ballistic missile.
Toyota Motor Corp. and Subaru Corp. were among the biggest contributors to the benchmark gauge, while Sumco Corp. was the best performer on the Nikkei 225 Stock Average. The yen pared gains of as much as 0.4 percent against the dollar spurred when the U.S. confirmed a rocket launched by North Korea on July 4 was an ICBM, with Secretary of State Rex Tillerson calling it a “new escalation of the threat” that would be brought before the United Nations Security Council. American markets were closed Tuesday for the Independence Day holiday.