Nikkei climbs to 2-month high on U.S.-China trade optimism
Monday, 1 July 2019 10:12 WIB | MARKET UPDATE |Saham JepangIndeksTopixIndeksNikkei 225

Japan's Nikkei surged to near two-month highs on Monday morning as risk sentiment improved after the United States and China agreed to restart trade talks, while tech share also got a lift on an easing of restrictions on Huawei.

The Nikkei share average jumped 1.8% to 21,658.93 at the midday break, after hitting a high of 21,669.65 the best level since May 7.

China agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table, after a weekend meeting between U.S. President Donald Trump and Chinese President Xi Jinping. No deadline was set for progress on a deal, and the world™s two largest economies remain at odds over significant parts of an agreement.

The broader Topix surged 1.7% to 1,576.75, with all of its 33 subsectors in positive territory.

Source : Reuters

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