Japanese shares made a modest rebound on Tuesday after the previous session™s sharp selloff, as investors registered relief after President Donald Trump said the United States had no plan to imminently impose new tariffs on autos imported from Japan.
The Nikkei share average advanced 1.0% to 20,456.08, with Subaru and tyremakers leading the gains. On Monday, the benchmark lost 2.2% to hit the lowest closing level since January 11. The broader Topix added 0.8% to 1,489.69, with 31 of Tokyo™s 33 subindexes gaining.
Asked if he was still considering the U.S. tariffs on Japanese cars, President Trump told a news conference late on Monday that his administration is not looking at that although it™s something he could do at a later date if he wanted to.
This boosted prices of Tokyo-listed carmakers, tyremakers and car parts makers.
Subaru Co, which has the biggest revenue exposure to the United States among Japanese carmakers, jumped 4.9%, and the transport equipment sector gained 1.2%.
Source : Reuters
RELATED NEWS
Japan shares fall on profit-taking after U.S.-China trade deal
Monday, 16 December 2019 10:06 WIBJapanese stocks fell on Monday, slipping from an over one-year high hit in the previous session, as investors booked profits following an initial rally sparked by a preliminary trade deal between the United States and China. At 0149 GMT, the Nikkei index was down 0.11 % at 23,995.97, with the indus...
HongKong stocks open with losses
Monday, 16 December 2019 08:57 WIBHong Kong stocks opened lower Monday morning as investors await details of a partial trade pact agreed between China and the United States at the weekend. The Hang Seng index eased 0.57 percent, or 157.26 points, to 27,530.50. But the benchmark Shanghai Composite Index edged up 0.11 percent, or 3....
Tokyo stocks open lower as profit-taking
Monday, 16 December 2019 07:32 WIBTokyo stocks opened lower Monday, with traders taking money off the table following a 2.55-percent rally in the previous session that was fuelled by a US-China trade deal and Britain's election. The benchmark Nikkei 225 index slipped 0.25 percent or 60.31 points to 23,962.79 in early trade, while t...
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIBHong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57 percent, or 693.62 points, to 27,687.76. The benchmark Sh...
Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal
Saturday, 14 December 2019 04:21 WIBThe S&P 500 and the Nasdaq Composite finished the week at records Friday but enthusiasm over an announced China-U.S. partial trade deal, which had sparked buying Thursday, faded as investors weighed aspects of the so-called phase-one pact. The Dow Jones Industrial Average closed up about 0.01% ...
Gold prices rise on weaker dollar as traders weigh progress on U.S.-China trade
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal
U.S. oil futures settle above $60 for first time since mid-September
Gold Prices Slip on News of Phase One Trade News; U.K. Election in Focus
Japan shares fall on profit-taking after U.S.-China trade deal
Monday, 16 December 2019 10:06 WIB
Japanese stocks fell on Monday, slipping from an over one-year high hit in the previous session, as investors booked profits following an initial rally sparked by a preliminary trade deal between the United States and China.
At 0149 GMT, the...