Japanese stocks hit their highest level in more than a year on Tuesday, tracking a record closing high on Wall Street on renewed optimism over the U.S.-China trade deal.
At 0153 GMT, the Nikkei index rose 0.29 % to 24,022.95, with the healthcare and communications sectors leading the gains. Earlier in the session, the benchmark index reached its highest level since Oct. 4, 2018. It is up 20.03% so far this year.
U.S. National Economic Council Director Larry Kudlow on Monday said a “phase one” deal was “absolutely completed” and reiterated comments made by U.S. Trade Representative Robert Lighthizer that U.S. exports to China will double in exchange for a reduction in U.S. tariffs.