Japanese shares rose on Tuesday, shrugging off signs of worsening confidence among big manufacturers, with blue-chip exporters and Apple-related issues leading the gains.
The benchmark Nikkei average rose 0.7% to 21,916.74 points by the midday break, while the broader Topix climbed 1.1% to 1,604.84, with all but one of its 33 subindexes trading in positive territory.
Japanese big manufacturers’ business confidence fell to a six-year low in the July-September quarter, a central bank survey showed, a sign the bitter U.S.-China trade war is taking a heavier toll on the export-reliant economy.
But some analysts said sentiment did not worse as much as expected, and noted capital expenditure plans were holding up.
Source : Reuters