Topix Climbs as Tech Firms Lead Gains on U.S.-China Tariff Delay
Wednesday, 14 August 2019 13:46 WIB | MARKET UPDATE |TopixSaham JepangIndeks NikkeiBursa Tokyo

Japanese shares rebounded from a rout yesterday after the Trump administration moved to delay tariffs on Chinese imports.

The Topix, which erased its year-to-date gain on Tuesday, advanced as electronics makers and telecommunications giants led the rally. President Donald Trump bowed to pressure from U.S. businesses and concerns over the economic fallout of his trade war with China, delaying the imposition of new tariffs on a wide variety of consumer products including toys and laptops until December.

Topix +0.9% to 1,499.50 at the close in Tokyo. Nikkei 225 +1% to 20,655.13.

Source : Bloomberg

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