Japan’s stock futures climb after US electronic tariffs paused

Nikkei 225 Stock Average futures were at 33,995 on the Chicago Mercantile Exchange as of 7:21 a.m. Tokyo time, about 1.2% higher than Friday’s close for the underlying gauge.

Japan’s stock futures climbed after the US paused levies on some consumer electronics and a report said the Asian nation is preparing for tariff negotiations this week.

Nikkei 225 Stock Average futures were at 33,995 on the Chicago Mercantile Exchange as of 7:21 a.m. Tokyo time, about 1.2% higher than Friday’s close for the underlying gauge.

Chip-related shares, including Tokyo Electron Ltd., may be active Monday after US President Donald Trump’s administration exempted some smartphones, computers and other electronics from its so-called reciprocal tariffs. While he later downplayed the exemption, saying he will still apply tariffs to them, for now companies including Apple Inc. and Nvidia Corp. will not be subject to 125% China levy and a 10% flat rate around the globe.

“While concerns over tariffs remain and the market may not rise sharply, it may at least show signs of a reversal,” said Shoji Hirakawa, chief global strategist at Tokai Tokyo Intelligence Lab, commenting on Trump’s pause on levies for some consumer electronics.

Investors will also be watching for any developments in tariff negotiations after local broadcaster NHK reported Japan’s top trade representative Ryosei Akazawa is set to visit the US this week for talks with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer.

Separately, Trump is involved in serious trade negotiations with partners strategic to China including Japan and South Korea, Politico reported, citing two people close to the White House.