Japan shares jump after Trump's commercial agreement with the support of car businesses

Japanese stocks have recorded sharp heights led by car businesses, after US President Donald Trump announced a Japan trade agreement imposing customs duties with only 15% on Japanese imports, a lower level than previous problems that expected 25%. The ‘Nikai 225’ and ‘Topix’ index jumped by more than 3%, with the support of the reports of installing customs duties on cars by 15%, and then the increase accelerated after reports that Premier Shiger Ishiba would resign by the end of August. Toyota car recorded more than 10%. The “Topix” index approached the highest level ever in July in July, at a time when the South Korean shares, still waiting for a deal with the Donald Trump administration, withdrew. In the foreign exchange market, the yen movements limited, despite this week’s increase, as it fell 0.2% to record 146.92 against the dollar at 11:40 in Tokyo. “After weeks of ambiguity, investors will eventually gain more certainty. 15% are less than expectations, and it’s good for market confidence,” said Rajev de Milo, director of Gama Asset Management Gama Asset. The possibility of raising interest in Japan is increasing. The effects of the Japan government were a sharp decline after the announcement of the agreement, which resulted in the yields rising over different deadlines, especially on short -term effects, which are more affected by the expectations of monetary policy. “The trade agreement with the United States could be an assistant factor for the Japan bank to raise interest rates,” said Katsuchoshi Inadomi, Sumitomo Mitsui Trust. According to exchange contracts, indicators for one night increased the chances of raising interest by the end of the year, from 59% on the day before the agreement to 88%. The mortgage returns increased ten years by 9.5 basis points to 1.595%, which has approached the highest level since 2008. The result is better than expected, Andrew Jackson, the Japanese stock strategy at Ortus Advisors: This is reflected in the performance of car shares. “Also read: Trump: An imminent agreement with Japan to export liquid gas from Alaska, adding that the automotive industry is subject to extensive sales pressure due to fees for fees, which today make strong supporting winds.” Mazda car “, which depends on North America, which depends on about 50% of its turnover. Light of local financial problems after the Ishiba government lost the majority in the Senate. Future, and adds:” This reflects a large capital of the country and can negatively affect the Japanese economy in the long run. “