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President Donald Trump’s decision to implement a tariff pause fort all countries other than China for 90 days generated no shortage of stock market winners. One of the large markets that immediately saw massive gains was Japan. The benchmark Nikkei 225 index soared with the April 10 morning bell and is, at press time on the same day, up 9.13%. Nikkei 225 one-day chart. Source: Google The beloved gaming giant Nintendo (TYO 7974) is a particularly major winner of the decision, as the new grace period effectively gave it the time to ship vast quantities of its Nintendo Switch 2 console to the U.S. before the tariffs are implemented. The console, a successor to the exceptionally successful Nintendo Switch, is scheduled to hit the shelves on June 5, 2025 – more than a month before the tariff pause expires. Still, it is worth noting that the Switch 2 is set to have a long lifecycle, judging by the predecessor that launched in 2017, meaning one month provides precious little time to gain a foothold in the American market. Despite the potential long-term headaches, investors reacted positively to the development and the window of opportunity, and Nintendo stock was up 11.70% on April 10 and changed hands at ¥10,505 (~$72.14).  Nintendo stock one-day price chart. Source: Google Trump tariff pause gives a much-needed reprieve to Japanese stocks Along with providing traders with a major one-day gain, the rally ensured that Nintendo shares hit their April highs and effectively erased the preceding tariff losses. The Liberation Day announcement hit Japan with the comparatively low – yet in absolute terms high – 24% tariff The East Asian country’s equity market reacted violently. Between April 5 and April 9, the Nikkei 225 dropped 6.12%, a situation grave enough to trigger a trade war alliance…

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Filed under: News - @ April 10, 2025 11:28 am