New Delhi, July 23 -- Shares of Japanese car manufacturers soared on Wednesday, with Toyota rising by 11 per cent and Honda climbing 9 per cent, following U.S. President Donald Trump's announcement of a trade agreement with Japan that involves a 15% tariff.

Meanwhile, other auto stocks like Nissan rose more than 7 per cent, and Mazda Motor saw a sharp jump of over 16 per cent. Mitsubishi Motors also climbed more than 12 per cent.

South Korean automaker Hyundai's shares increased by over 5 per cent on the news, while Kia recorded a modest rise of 0.2 per cent.

On the other hand, Japan's Nikkei 225 jumped 2.5 per cent to reach 40,731.86 as of 0121 GMT, driven by an 8.4 per cent surge in the Tokyo Stock Exchange's transport equipment inde...