{"id":77057,"date":"2025-07-23T16:26:53","date_gmt":"2025-07-23T06:26:53","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=77057"},"modified":"2025-08-05T17:12:31","modified_gmt":"2025-08-05T07:12:31","slug":"wednesday-23rd-july-2025-japan-stocks-surge-on-u-s-deal-markets-gain-on-tariff-hopes","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-23rd-july-2025-japan-stocks-surge-on-u-s-deal-markets-gain-on-tariff-hopes\/","title":{"rendered":"Wednesday 23rd July 2025: Japan Stocks Surge on U.S. Deal; Markets Gain on Tariff Hopes"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 3.67%, Shanghai Composite up 0.75%, Hang Seng up 1.19% ASX up 0.78%<\/li>\n\n\n\n<li>Commodities : Gold at $3435.35 (-0.19%), Silver at $39.58 (0.49%), Brent Oil at $68.59 (0.19%), WTI Oil at $65.38 (0.43%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.367, UK 10-year yield at 4.5710, Germany 10-year yield at 2.5880<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Richmond Manufacturing Index -20&nbsp; to -2 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Japanese stocks rallied to a one-year high on Wednesday after a trade deal with the U.S. lowered auto tariffs to 15%, boosting optimism across Asian markets. The Nikkei surged over 3%, with automakers like Mazda and Toyota jumping 17% and 13.6% respectively. South Korean auto shares also gained on hopes of a similar U.S. deal.<\/p>\n\n\n\n<p>President Trump confirmed the U.S.-Japan deal and a separate agreement with the Philippines imposing a 19% tariff. He also noted that EU officials would visit Wednesday for talks, lifting EUROSTOXX 50 futures by 1%. Wall Street futures rose 0.1%.<\/p>\n\n\n\n<p>Saxo strategist Charu Chanana called the Japan deal a mild positive surprise, providing short-term relief and helping Japan avoid further tariff hikes. She added that the expected resignation of Prime Minister Ishiba\u2014facing internal criticism\u2014could pave the way for more market-friendly leadership.<\/p>\n\n\n\n<p>Elsewhere, Chinese blue-chip stocks rose 0.46% and Hong Kong\u2019s Hang Seng climbed 0.7%. Talks between U.S. and Chinese officials are set for next week in Stockholm to potentially extend their August 12 trade deadline.<\/p>\n\n\n\n<p>In the U.S., markets closed mixed as corporate earnings revealed trade war impacts. GM fell 8.1% after a $1B tariff hit. Meanwhile, oil and gold prices held steady, and U.S. bond yields rose slightly amid continued pressure on the Fed from Trump.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>07:30 PM GMT &#8211; USD Existing Home Sales<\/li>\n\n\n\n<li>08:00 PM GMT &#8211; USD Crude Oil Inventories<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Japanese stocks rallied to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":77277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/77057"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=77057"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/77057\/revisions"}],"predecessor-version":[{"id":77065,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/77057\/revisions\/77065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/77277"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=77057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=77057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=77057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}