Immune to Trump tariffs, Japan rail stocks defy market plunge

Sectors supported by domestic demand outperform amid trade war worries

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Japanese stocks tied to domestic demand performed well on April 3 after the U.S. announced sweeping new tariffs. © Reuters

AKIRA INUJIMA

TOKYO -- Japanese rail stocks rose on Thursday against an overall drop in Tokyo shares, as investors flocked to issues that are insulated from the impact of U.S. President Donald Trump's reciprocal tariffs announced the day before.

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