Japan’s Topix Sets Record High as Trump Deals Ease Tariff Fears

Japan’s Topix stock index rose above last summer’s record to close at a fresh peak as hopes of more US tariff deals brightened the outlook for global trade and economic growth.

The equity rally in Japan comes as gauges worldwide have notched all-time highs on expectations that President Donald Trump’s levies won’t hurt businesses as much as feared. A lower-than-expected 15% levy on Japanese exports to the US has fueled optimism that Trump might offer concessions to other trading partners, including the European Union.