Japanese stocks rose after fluctuating at the Monday open, as investors eyed progress in the U.S.-China trade negotiations.
Telecommunication shares gave the biggest boost to the Topix index, following an announcement on SoftBank Group Corp.'s plan to combine messaging service Line Corp. with Z Holdings Corp., a unit of its telecom arm. U.S. and Chinese trade negotiators held “constructive discussions” in a phone call on Saturday to address each side's core concerns of phase one of the trade deal.
Topix +0.2% to 1,699.43 as of 11 a.m. Tokyo. Nikkei 225 +0.4% to 23,390.51.
Source : Bloomberg