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Japanese stocks post biggest gain in 3 weeks on hopes for trade war truce


Monday, 25 November 2019 10:25 WIB

Saham JepangIndeksTopixIndeks acuan Nikkei 225


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Japanese stocks rose on Monday by the most in three weeks as investors turned optimistic about the chance that the United States and China will reach an agreement to de-escalate their trade war.

At 01:42 GMT the Nikkei index was up 0.88% to 23,315.15 as exporters in the industrial equipment sector and the IT sector led the advance, because they benefit from an increase in overseas demand.

The latest wave of optimism came after U.S. President Donald Trump said on Friday a trade deal with China is “potentially very close.” Chinese President Xi Jinping also reiterated his desire on Friday for a preliminary trade deal.

The Topix index rose 0.82% on Monday to 1,705.14.

Source : Reuters


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