Tokyo Stocks Close Up As Trade War Fears Ease 12 December 2018
Fahad Shabbir (@FahadShabbir) Published December 12, 2018 | 03:01 PM
Tokyo stocks closed higher on Wednesday as fears about the US-China trade war eased following the release on bail of a Huawei executive.
Tokyo, (UrduPoint / Pakistan Point News - 12th Dec, 2018 ) :Tokyo stocks closed higher on Wednesday as fears about the US-China trade war eased following the release on bail of a Huawei executive.
The benchmark Nikkei 225 index rose 2.15 percent or 454.73 points to end at 21,602.75, while the broader Topix index was up 1.99 percent or 31.30 points at 1,606.61.
"Investor sentiment improved after media reports on China considering lowering tariffs on US cars and the release on bail of Huawei CFO" Meng Wanzhou, said Yoshihiro Ito, chief strategist at Okasan Online Securities, in a commentary.
Canada on Tuesday authorised the release on bail of Meng, chief financial officer at Chinese telecoms giant Huawei, whose arrest last week sparked fury in Beijing and worries about the future of a truce agreed at the G20 by Donald Trump and Xi Jinping.
Ito added that the Nikkei index was also supported by a weaker yen.
The Dollar fetched at 113.43 Yen in Asian trade, little change from 113.40 yen in New York but up slightly from 113.10 yen in Tokyo late Tuesday.
In Tokyo, automakers were higher with Toyota advancing 2.22 percent to 6,895 yen and Honda up 2.01 percent at 3,082 yen.
Nissan rebounded 0.95 percent to 924.4 yen, after tumbling 3.10 percent on Tuesday and 2.90 percent on Monday after ousted chairman Carlos Ghosn was charged and faced new allegations of alleged financial misconduct.
Sony jumped 3.59 percent to 5,941 yen and Panasonic was up 3.18 percent to 1,084 yen.
Related Topics
Recent Stories
Higher taxes, awareness help decrease cigarettes sale in Pakistan
Sindh Minister of Works and Services Ali Hassan Zardari reviews ongoing projects ..
7 ordinances laid in Senate
Implementation of Naan, Roti's revised rates being ensured
Police attack case: ATC discharges PTI leader
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
Allama Iqbal gave Muslim Ummah a new dimension of thinking, hope: Dar
SNGPL takes action against 11 gas pilferers
Five numberdars dismissed in Jhang
Industries Minister recommends urea fertilizer import to stabilize prices and su ..
Honda announces US$11 bn EV battery and vehicle plant in Canada
CM lauds TCF's journey from 5 schools to 2000 across country
More Stories From Business
-
Higher taxes, awareness help decrease cigarettes sale in Pakistan
15 minutes ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
19 minutes ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
19 minutes ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
19 minutes ago -
Zhao Shirin calls on Punjab Industries Minister
47 minutes ago -
CEO APM Terminals calls on Finance Minister
51 minutes ago
-
SACM visits GTVC checks attendance register
56 minutes ago -
CEO APM Terminals meets Commerce Minister
56 minutes ago -
RTO destroys huge quantity of non-duty paid cigarettes
2 hours ago -
Pakistan's total liquid foreign reserves reach $ 13.28 billion
1 hour ago -
RDA inflows rise to $7.660 bn in March 24
1 hour ago -
FPCCI welcomes direct flights between Pakistan-Azerbaijan
1 hour ago