Japanese shares gained for a second day on hopes of softer trade policies from US President Donald Trump, after he extended the deadline for higher duties on European Union goods and backed a deal between Nippon Steel Corp. and US Steel Corp.
The Topix index rose rose 0.6% to 2,751.91 as of market close in Tokyo, with the Nikkei 225 up 1% to 37,531.53. Exporters like Sony Group Corp., Hitachi Ltd. and Tokyo Electron Ltd. contributed most to the Topix’s rise, as signs of cooler rhetoric from Trump eased concerns around global trade.
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