Japan’s benchmark Nikkei share average edged up to a fresh 13-month high on Wednesday as hopes for a U.S.-China trade deal, a weaker yen and rising bond yields buoyed exporters and financials.
The Nikkei average rose 0.1% to 23,263.83 points by the midday break, after hitting an intra-day high earlier of 23,352.56, its strongest level since Oct. 10 last year.
The broader Topix retreated 0.3% to 1,689.98, after rising to as high as 1,701.35, its intra-day high in more than a year, as profit taking kicked in.
Overnight, U.S. 10-year Treasury yield climbed as high as its six week peak of 1.873% and Germany’s 20-year yield rose into positive territory for the first time in 3-1/2 months on optimism that the United States and China will scale back a bruising trade war.
Source : Reuters