Last Friday, the Japanese Nikkei share average ended the week with a nearly 5% drop, a stark reminder of the market’s volatility amid ongoing global uncertainties. The trading session closed at 32,931.30 points, while the broader Topix index fell by 4.7% to 2,419.67 according to GMT data. This significant downturn comes in the wake of a turbulent week driven by the rapidly escalating trade dispute between the United States and China, as well as a surge in the Japanese yen due to a notable inflow of funds into safe-haven assets.

The market is once again abuzz with optimism as President Donald Trump has directed the U.S. National Security Commission to revisit Nippon Steel’s bid to acquire U.S. Steel. This move has reignited hopes for the long-awaited approval of the deal, which has been surrounded by uncertainty.