Nikkei Soars as Investors Await New Premier, Trump Softens Tariff Stance

Published on 10/20/2025 at 03:22 am EDT
(MT Newswires) -- Japanese shares soared on Monday ahead of a vote to choose the country's next prime minister, while easing US-China trade tensions lifted investor sentiment.
The Nikkei 225 rose 3.37%, or 1,603.35 points, to end at 49,185.50.
Sanae Takaichi, leader of Japan's ruling Liberal Democratic Party, is poised to become the country's first female prime minister, with the Japan Innovation Party expected to finalize a coalition deal on Monday.
Additionally, Japanese shares are seen gaining on improved sentiment after U.S. equities rose, as President Donald Trump signaled that steep tariffs on Chinese imports would be unsustainable.
On the corporate front, Chugai Pharmaceutical said it signed a collaboration and license deal with U.S.-based Rani Therapeutics to develop and commercialize an oral biologic using Rani's RaniPill technology, according to a Monday filing on the Tokyo Stock Exchange.
Chugai will pay $10 million upfront and up to $175 million in milestones, plus single-digit royalties if commercialized. The company can also expand rights to five more targets, potentially raising the deal's value to over $1 billion.
Separately, Japan Steel Worksis boosting sales of large magnesium injection molding machines to meet China's growing demand for lightweight "gigamagnesium" auto parts, Nikkei reported.
The company plans to introduce an 1,800-ton model in fiscal 2025 and aims to raise sales of magnesium molding machines and parts to over 10 billion yen by fiscal 2028, up 70% from current levels.

Sumber : MT Newswires