
Shares of Toyota Motor Corp (NYSE:TM) are surging Wednesday morning after Washington and Tokyo finalized a long-anticipated trade agreement. The deal, which alleviates tariff uncertainty for Japanese automakers, sent the entire sector soaring.
What To Know: The news propelled Japan's Nikkei 225 Index up 3.1%, with auto stocks leading the charge. Mazda Motor Corp skyrocketed nearly 17%, while Mitsubishi Motors Corp also posted strong gains.