Asian Markets Rally on Trade Deal News

Following the announcement of a significant trade agreement between the United States and Japan, Asian stock markets experienced a notable uptick. The Nikkei 225, Japan's premier stock index, surged by 3.63%, marking its highest point in a year. This development came after US President Donald Trump revealed on social media that a "massive" trade deal had been secured, adjusting US tariffs on Japan to 15% from the previously threatened 25%.

Regional Market Responses

Other Asian markets also saw positive movements. Australia's S&P/ASX 200 increased by 0.78%, while South Korea's Kospi Composite edged up by 0.24%. In Hong Kong, the Hang Seng index rose by 1.38%, and on the Chinese mainland, the Shanghai and Shenzhen Composites advanced by 0.75% and 0.22%, respectively.

Currency Movements

The dollar strengthened against the yen, trading 0.23% higher at ¥146.98150, reflecting the market's optimistic response to the trade deal.