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%. Stocks of South Korean carmaker Hyundai also rose over 5% on the announcement, while Kia was up 0.2%. While NHK reported that the 15% tariffs will apply to Japanese makes, it is unclear if the reduced rate will be extended to other automakers. U.S. President Donald Trump previously ... (full story)