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Japanese Stocks Advance After U.S. Extends Huawei Ban Exemptions


Tuesday, 20 August 2019 13:40 WIB

Saham JepangIndeksTopixIndeksNikkei 225


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Japanese stocks rose for a third day after the U.S. administration said it would delay restrictions on doing business with Huawei Technologies Co.

Electronics makers were the biggest boost to the benchmark Topix index, as all but two industry groups traded higher. Chipmakers led gains in U.S. stocks after Commerce Secretary Wilbur Ross said the nation would extend for 90 days a limited set of exemptions for companies working with China’s Huawei.

Meanwhile, the German government is preparing fiscal stimulus measures to shore up Europe’s largest economy, according to two people with direct knowledge of the matter. China made borrowing costs cheaper for companies with the introduction of a revamped market benchmark rate.

Topix index +0.8% to close at 1,506.77 in Tokyo. Nikkei 225 index +0.6% at 20,677.22.

Source : Bloomberg


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