Japan’s benchmark Nikkei share average climbed 1.5% to 13-month highs on Tuesday after a long weekend, as fresh hopes for a U.S.-China trade deal and upbeat Wall Street stocks lifted investor sentiment.
Driven by widespread gains, the Nikkei average rose to 23,193.66 by the midday break, after hitting an intra-day high earlier of 23,215.48, its peak since Oct. 10 of last year. The broader Topix advanced 1.2% to 1,686.81, its highest level in 11 months.
On Monday, all three major stock indexes on Wall Street finished at record highs on increasing signs the United States and China are inching closer to a truce in their trade war and on optimism the U.S. economy is well poised for solid consumer-driven growth.
Source : Reuters