Japan's Nikkei rose to more than two-month highs on Wednesday morning, as progress in U.S.-China trade talks helped lift cyclical stocks such as autos and electronic equipment firms.
The optimism comes despite Japan’s exports in January posting their biggest decline in more than two years as China shipments tumbled and orders for its machinery goods fell sharply.
The Nikkei share average rose 0.7 percent to 21,452.25 in midmorning trade after hitting as high as 21,494.85, the highest since Dec. 17.The broader Topix gained 0.5 percent to 1,613.96.
A new round of talks between the United States and China to resolve their trade war began in Washington on Tuesday, with follow-up sessions at a higher level later in the week.
Source : Reuters