Topix Rebounds on Renewed Expectation for U.S.-China Trade Talks
Bloomberg
Published Oct 07, 2019 08:39PM ET
Updated Oct 07, 2019 11:19PM ET
Topix Rebounds on Renewed Expectation for U.S.-China Trade Talks
(Bloomberg) -- Japanese stocks rose on Tuesday morning, after investors saw some signs that U.S.-China trade negotiations are moving forward.
Electric appliance, chemical and transportation equipment companies provided the biggest boosts to the benchmark gauge.
U.S. President Donald Trump said at the White House that trade talks with China have been going well, though “we’ll see whether or not a deal can be made.“ Earlier, Fox News, citing the Chinese Commerce Ministry, reported that China is prepared to set a timetable for working out more difficult issues next year in trade talks with the U.S.
The Trump administration also put eight Chinese technology companies -- including surveillance companies Hangzhou Hikvision Digital Technology Co. and Zhejiang Dahua Technology Co. -- on a U.S. blacklist, accusing them of being implicated in human rights violations.
“China appears to be showing its firm stance on trade without leaving the negotiation table,” said Hideyuki Ishiguro, senior strategist at Daiwa Securities Co. “If they work on the deal one step at a time and reach a final agreement, it would be positive for the market.”
Summary
- Topix +0.7% to 1,584.28 as of 9:38 a.m. in Tokyo
- Nikkei 225 +0.9% to 21,572.80
- Yen -0.1% to 107.37 per dollar
- Chemicals +1.2%, Transportation Equipment +1%, Electric Appliances +0.6%
- Bic Camera +4.1%, Onward Holdings +4%
Get The News You Want
Written By: Bloomberg
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.