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Nikkei hits near 2-month high on deal to keep US govt open, trade hopes


Wednesday, 13 February 2019 10:07 WIB

Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix


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Japan's Nikkei soared to a near two-month high on Wednesday as optimism there won't be a U.S. government shutdown and there will be a U.S.-China trade deal lifted risk appetites.

Oil explorer Inpex jumped 14 percent after sharply raising its net profit outlook for the year.

The Nikkei share average surged 1.5 percent to 21,185.59 at the midday break, after touching as 21,205.05, the highest level since Dec. 18.

The broader Topix gained 1.0 percent to 1,588.79.

The agreement in principle in Washington to avoid another shutdown helped boost Wall Street overnight.

Sentiment was also improved by hopes the United States would reach a trade deal with China. High-level trade talks in Beijing starting on Thursday will attempt to hammer out an agreement before a March 1 deadline for the U.S. to impose higher tariffs on $200 billion of Chinese goods.

Source: Reuters


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