TOKYO — Stocks roared back to life in Japan on Tuesday morning following an agreement between the U.S. and China to temporarily lower tariffs they have imposed on each other’s exports, easing investor concerns about an escalating trade war.
The benchmark Nikkei Stock Average at one point rose more than 800 points, or 2%, and touched its highest intraday level in over a month. The gains were led by banks, marine shipping and exporters, including automakers. The broader Tokyo Stock Price Index also jumped close to 2%, while futures on the Osaka exchange were up more than 2%.
