Japan's Nikkei 225 index soared to an all-time high on Monday, following the election of Sanae Takaichi as the new leader of the ruling Liberal Democratic Party (LDP).
The U.S. administration adopts a holistic approach that treats political, economic, and cultural matters as "integral parts of a single, inseparable policy agenda," he reportedly said.
The S&P Global flash Japan Manufacturing Purchasing Managers' Index (PMI) came in at 49.9, higher than the 48.9 seen in July, but still came in below 50, which separates contraction from growth.
The agreement eases pressure on Japan’s auto industry, a key employer and wage driver, though uncertainty over when the cuts will take effect continues to cloud the outlook.
A wave of U.S. trade deals with key allies over the past 24 hours reignited Wall Street's rally and boosted investor risk appetite across global markets.
