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Nikkei rises for a 3rd day on trade optimism; chip-related shares underperform


Wednesday, 9 January 2019 10:22 WIB

Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix


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Japan's Nikkei rose for a third day on Wednesday as signs of progress in Sino-U.S. trade talks boosted confidence, offsetting weakness in chip-related stocks which underperformed on a Goldman Sachs report which forecast a tough year ahead.

Nikkei rose 1.25 percent to 20,455.74 points at the break, topping its 5-day moving average of 20,054.69.

The United States and China have extended trade talks in Beijing for an unscheduled third day as the world’s two largest economies look to resolve their bitter trade dispute.

So far, officials from both sides have sounded optimistic, with President Donald Trump saying talks were going well. But people familiar with the discussions said the two sides were still far apart on some issues.

The broader Topix advanced 1.22 percent to 1,537.03. (Sdm)

Source: Reuters


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