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Benzinga
Benzinga
Business
Henry Khederian

Trump Just Announced A Trade Deal With Japan. Why This Automotive Stock Is Rallying

Auckland,-,Oct,19,2018:auckland,City,Toyota,Motor,Corporation,In

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.

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