Japanese stocks rebounded at the open on Tuesday in the wake of Monday’s historic sell-off after the US said would start trade negotiations with Asia’s second-largest economy.
The country’s Topix benchmark rose 6.2 per cent in early trading while the Nikkei 225 index climbed 5.5 per cent.
On Monday the Topix plummeted 7.8 per cent after a weekend during which the Trump administration gave no indication of backing down from its sweeping new tariff regime.
But on Monday afternoon, US Treasury secretary Scott Bessent said in a post on X that he had been asked by President Donald Trump to open negotiations with Japanese Prime Minister Shigeru Ishiba and his cabinet.
“Japan remains among America’s closest allies, and I look forward to our upcoming productive engagement,” Bessent wrote.
