Tokyo Stocks Rally On Hopes For US Trade Deal Despite Fed Warning

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Tokyo Stocks Rally On Hopes For US Trade Deal Despite Fed Warning - Business Today

Quick Summary:

Optimism over Japan–US trade talks lifted Tokyo’s benchmark Nikkei 225 by 1.4%, closing at 34,377.60, with gains echoed across several Asian markets despite warnings from US Federal Reserve Chair Jerome Powell about potential economic headwinds stemming from new US tariffs.

The State Department said the measures against Shandong Shengxing Chemical were part of efforts to “drive Iran’s illicit oil exports” to zero.

Oil prices extended gains after the US sanctioned a second Chinese “teapot” refinery for buying Iranian crude.