Japanese stock market soars with automakers leading the way as Trump announces trade agreement with Japan.

The Nikkei index surged 2.3% in early trading, after US President Trump announced a trade agreement with Japan that will impose a 15% tariff on Japanese goods. The automotive manufacturing sector performed the best in the East China industry classification index, surging by about 7.6%, with Toyota Motor Corporation jumping by 10% at one point. According to NHK, the US will impose a 15% tariff on cars imported from Japan. The Nikkei 225 index surged 2.2% at one point.