People ride bicycles in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm, Thursday, July 18, 2024, in Tokyo. – Global shares were mostly lower Thursday, with Tokyo’s benchmark dipping more than 2%, after Wall Street’s record-breaking rally slammed into a wall of worries over potentially worsening trade tensions with China.
The strengthening yen also added to worries about exporter shares in Japan, as a weak yen is a boon for the nation’s giant exporters like Toyota Motor Corp. Japan posted a trade surplus in June, the first in three months, highlighting a recovery in exports, according to Finance Ministry data. For the first six months of this year, Japan’s trade deficit declined by more than half from the same period last year, to 3.23 trillion yen .
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