Japanese Market Advances
(RTTNews) - The Japanese stock market is advancing on Thursday after two days of losses while the safe-haven yen weakened following the positive cues overnight from Wall Street as renewed optimism about a phase one trade deal between the U.S. and China helped offset negative sentiment generated by some disappointing U.S. economic data.
The benchmark Nikkei 225 Index is adding 173.79 points or 0.75 percent to 23,309.02, after rising to a high of 23,363.44 earlier. Japanese shares hit two-week lows on Wednesday.
Market heavyweight SoftBank Group and Fast Retailing are advancing more than 1 percent each.
The major exporters are higher as the yen weakened. Mitsubishi Electric is rising 1 percent, Panasonic is advancing almost 1 percent, Sony is adding 0.5 percent and Canon is up 0.2 perce ...