Japanese auto shares climbed in Tokyo after Donald Trump signed an executive order confirming a deal that limits US tariffs on the sector to 15%, lifting investor sentiment.
The Topix Index’s measure of carmakers gained as much as 2.8% in early trade, the most in a month. Mazda Motor Corp. and Nissan Motor Corp., which make over 50% of their revenues in North America, rose over 5%. Toyota Motor Corp. climbed as much as 3.5%.
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