Japan’s Nikkei surged to four-week highs on Wednesday morning on news that the United States and China will rekindle talks on trade, while ongoing expectations that the U.S. Federal Reserve will cut rates this year supported sentiment.
The Nikkei share average jumped 1.7% to 21,320.80 in midmorning trade, after rising to a high as 21,352.22 to hit the highest level since May 22. The broader Topix gained 1.5% to 1,550.98, with all but one of its subsectors in positive territory.
U.S. President Donald Trump said he would meet with Chinese President Xi Jinping at the G20 summit later this month, and said talks between the two countries would restart after a recent lull.
Source : Reuters