TOKYO (Reuters) -Japan’s Nikkei share average jumped 9% on Thursday as investors scooped up beaten-down stocks after U.S. President Donald Trump declared an immediate 90-day tariff pause for many countries.The Nikkei rose 9.13% to 34,609 in its biggest daily gain since August 6, the day after the index fell in its biggest single-day rout since the 1987 Black Monday crash.The broader Topix climbe ...
Investing.com-- Nissan Motor Co., Ltd. (TYO:7201) shares rose sharply in Japanese trade on Thursday after Taiwan’s Foxconn (SS:601138) said it was seeking partnerships with Japanese automakers, including Nissan (OTC:NSANY), to build and sell electric vehicles in the country. Nissan shares jumped 8.9% to 339.3 yen, tracking a broader rally in Japanese markets as they cheered a postpon ...
By Svea Herbst-BaylissNEW YORK (Reuters) - Billionaire investor Bill Ackman’s Pershing Square Holdings portfolio has lost nearly 14% so far this year, the firm told investors on Wednesday.The losses, through April 8, do not include gains seen on Wednesday, when markets surged after U.S. President Donald Trump paused most tariffs for 90 days. The losses, primarily incurred over the previous week, ...
By Liz Lee, Andrea Shalal and Susan HeaveyBEIJING/WASHINGTON (Reuters) - U.S. President Donald Trump’s stunning decision to pause most of the hefty duties he had just imposed on dozens of countries brought relief for battered global stock markets on Thursday, even as he ratcheted up a trade war with China. Trump’s turnabout on Wednesday, which came less than 24 hours after steep new tariffs ki ...