AsianFin -- Nippon Steel shares rose sharply in Tokyo trading on Monday after U.S. President Donald Trump voiced support for the Japanese company's $14.9 billion acquisition of U.S. Steel.
In a post on Truth Social, Trump called the proposed partnership a major economic boost, claiming it would generate at least 70,000 jobs and contribute $14 billion to the U.S. economy. The endorsement helped ease political concerns surrounding the high-profile cross-border deal.
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