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Nikkei rises on U.S.-China trade talks; chip-related stocks fall


Friday, 17 August 2018 10:19 WIB

TopixSaham JepangIndeks Nikkei


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Japan's Nikkei rose on Friday morning as trade tensions appeared to ease and gains in U.S. shares supported sentiment, but chip-related stocks fell after Applied Materials disappointed investors with worse-than-expected earnings forecasts overnight.

The Nikkei share average rose 0.5 percent to 22,303.69 in midmorning trade. The benchmark index is on track to end the week little changed, following two straight weeks of declines.

Investors await developments in the U.S.-China trade conflict after the two countries said on Thursday they would hold lower-level trade talks next week.

The broader Topix added 0.6 percent to 1,697.11.

Source : Reuters


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