TOKYO (Reuters) -Nippon Steel shares rallied on Monday in Tokyo after U.S. President Donald Trump expressed support for the company's $14.9 billion bid for U.S. Steel. Trump said in a post on Truth Social the "planned partnership" between the two companies will create at least 70,

After more than 17 months of lobbying and close-fought negotiations to secure control of United States Steel Corp., Japan’s Nippon Steel Corp. appeared on Friday to have received a presidential blessing.

Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) shares jump ~5% in Tokyo trading early Monday, making it the biggest gainer on the Nikkei 225 index, after President Trump awarded conditional approval for the company's $14B bid for US Steel (NYSE:X) that he described as a "partnership.