Shares of Japanese automakers surged after U.S. auto tariffs were reportedly lowered to 15% from the current 25%, according to public broadcaster NHK, citing a Japanese official. Stocks of Japan's Honda jumped 8.42%, while Toyota climbed 9.97%. Nissan jumped over 7%, and Mazda Motor surged over 16%. Mitsubishi Motors popped over 12%.

U.S. President Donald Trump on Tuesday announced a trade deal with Japan that he said will result in Japan investing $550 billion into the United States and paying a 15% reciprocal tariff.

Japan had agreed to open its country to imports of American cars, trucks, rice and other agricultural products, as well as invest $550 billion into the United States.

U.S. trade policy remains a major point of uncertainty for investors and companies as Trump's self-imposed August 1 deadline for many countries to reach agreements with the White House approaches.

A rally in Japanese shares led Asian markets on Wednesday after President Donald Trump announced a trade deal with Japan and fuelled hopes of more to come, tempering the disappointment from U.S. earn...

General Motors shed 3.6% in the early going after the automaker reported that its profit and revenue declined from the previous quarter.

A day after Opendoor Technologies Inc. was swept up in the latest round of meme-stock mania, shares of Kohl’s Corp. have been skyrocketing amid what a behavioral-finance expert describes as a “mini-bu...