Japan's Nikkei records 2nd biggest jump ever, lifted by tariff pause

Nikkei index rebounds 9%, Taiwan and South Korea also rise

Tokyo stocks followed Wall Street’s historic gains overnight, where the tech-heavy Nasdaq soared 12% and the S&P 500 jumped 9.5%, its biggest gain since 2008. (Photo by Satoko Kawasaki)

JADA NAGUMO and LISA KIM

April 10, 2025 11:28 JST

Updated on April 10, 2025 17:55 JST

TOKYO -- Japanese stocks rebounded strongly on Thursday, with the benchmark stock index logging its second-largest single-day rise in history after the U.S. paused most of its new tariffs, bringing relief to investors and encouraging risk-taking.

The Nikkei Stock Average closed up 2,894.97 points, more than 9%. Its biggest-ever rise in points was recorded in August when the index jumped 3,217.04 points. The broader Tokyo Stock Price Index (Topix) surged 8%.