Japanese shares advanced Tuesday after the Trump administration on Monday lifted its designation of China as a currency manipulator, a sign of improving trade relations.
Exporters including electronics makers provided the biggest boost to the Topix index. The yen weakened past 110 per dollar for the first time since May. The U.S. said China has made “enforceable commitments” not to devalue the yuan and has agreed to publish exchange-rate information. The world’s two largest economies are set to sign a phase-one trade agreement at 11:30 a.m. in Washington, according to people familiar with the plans.
Topix +0.3% to 1,739.55 as of 9:20 a.m. in Tokyo. Nikkei 225 +0.7% at 24,024.26. Yen -0.1% to 110.05 per dollar.
Source : Bloomberg