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Japanese Shares Jump 1.5% as China Rebound Hopes Boost Shippers, Steelmakers

Monday, 6 July 2020 10:13 WIB Nikkei 225 Saham Jepang indeks Topix

Japanese shares rose on Monday as signs of an economic rebound in China boosted shippers and steelmakers, while investor concerns about a spike in U.S. COVID-19 cases were offset by prospects of policy support to sustain the recovery. Japan’s Nikkei share average rose 1.52% to 22,640.46, hitting its highest levels in nearly two weeks. The broader Topix gained 1.32% to 1,572.21. The sectors that have been hit by the pandemic and are perceived to be the most sensitive to demand in China topped the list of best performers as Chinese shares soared to five-year highs on hopes of a recovery in the world’s second-largest economy. Most markets had gained ground last week as a raft of economic...

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