Shares of Japanese electronics equipment manufacturers 'Murata Manufacturing', 'Mitsubishi Electric', and 'Fujikura Limited', whose names were also mentioned in the US-Japan plans, rose by more than 3.5%, surpassing the Nikkei benchmark index. These gains came after a statement from the Ministry of Economy. Meanwhile, shares of SoftBank, Panasonic, and Hitachi performed better after being listed among companies interested in launching projects in the United States during US President Donald Trump's visit to Tokyo. SoftBank shares jumped by 5.3%, Panasonic shares rose by 5%, hitting their highest level since October 9, and Hitachi shares increased by 4.4%.
Japanese Stocks Rise on US-Japan Plans
Shares of Japanese electronics makers, including Murata and Mitsubishi, surged following Trump's Tokyo visit and announcement of joint projects.