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Japanese stocks climb to 1-1/2-week high on trade optimism; Seven & I shines



  • Source: Financial Post - - Read: 0

    Summary:

     

    SYDNEY — Japanese shares rose to their highest level in over a week on Friday as the safe-haven yen eased on hopes of progress in U.S.-China trade talks.

    Sentiment was also buoyed by a sharp jump in Seven & I Holdings, the country’s largest convenience store operator, after it announced a massive restructuring plan.

    The benchmark Nikkei average ended up 1.2% at 21,798.87 points, its highest closing since Oct. 2. For the week, it was up 1.8%, its first gain in three weeks.

    The broader Topix added 0.9% to 1,595.27, also marking its highest close in 1-1/2-weeks.

    Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday, as business groups expressed optimism the two sides might be able to de-escalate a trade war and delay a U.S. tariff hik ...

     

     

    Read Full News: https://business.financialpost.com/pmn/business-pmn/japanese-stocks-climb-to-1-1-2-week-high-on-trade-optimism-seven-i-shines


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