Japan’s Nikkei rose on Wednesday morning buoyed by optimism over U.S.-China trade talks, while index-heavyweight Fast Retailing soared after it reported a strong monthly same-store sales.
The Nikkei share average rose 0.7 percent to 21,647.13 in midmorning trade. The broader Topix rose 0.5 percent to 1,618.60.
Ninety-two points of the Nikkei’s advance came from Fast Retailing Co, which soared 4.8 percent after it said on Tuesday that same-store sales at its Uniqlo clothing outlets in Japan rose 4.5 percent in March from a year earlier.
Japanese media reports that the operator of the Uniqlo casual clothing chain will raise starting salaries for new hires in Japan by more than 20 percent from April next year also helped the share.
Source : Reuters