Shares of Nippon Steel Corp. jumped almost 11% in early Tuesday trade after US President Donald Trump ordered another review of the company’s takeover bid for United States Steel Corp. The gain in the shares was the biggest intraday move since August,

President Donald Trump on Monday directed a U.S. national security panel to take a fresh look at Nippon Steel's bid for U.S. Steel to help determine if "further action" is appropriate, raising hopes that the deal could gain an elusive green light.

Nippon Steel Corp (TYO:5401) saw its stock soar 9.2% to 2,995 yen on Tuesday, following a renewed push by former U.S. President Donald Trump to re-evaluate the companys $15 billion acquisition of U.S.