Investing.com - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Japan shares rebound on renewed U.S.-China trade deal hopes

Published 11/15/2019, 11:48 AM
Updated 11/15/2019, 11:56 AM
Japan shares rebound on renewed U.S.-China trade deal hopes
JP225
-
TOPX
-
4689
-
8358
-
9468
-
7181
-
ISECU.T
-
ISHIP.T
-
3938
-
7747
-

TOKYO, Nov 15 (Reuters) - Japan's Nikkei share average
rebounded on Friday after White House comments suggesting
Washington and Beijing were close to striking a trade deal
sparked buying in cyclical and financials.
The Nikkei 225 index .N225 rose 0.71% to 23,305.71, though
it was slightly down for the week. The broader Topix .TOPX
gained 0.8% to 1,697.83.
White House economic adviser Larry Kudlow said on Thursday
an agreement with China could be reached soon, providing a
fillip to investor confidence. High-beta shares, or those that are sensitive to economic
cycles, such as shippers .ISHIP.T and brokerages .ISECU.T ,
were among the biggest gainers.
Other gainers included companies whose results surprised
positively.
Japan Post Insurance 7181.T , hit by a scandal involving
improper sales practices, rose 5.8% after it posted strong
profits.
Another scandal-ridden financial institution, Suruga Bank
8358.T , also advanced 6.4% after its results.
Kadokawa 9468.T climbed 5.9% to 2 1/2-year highs after the
publishing and web services company raised its profit outlook.
Asahi Intecc 7747.T rose 4.4% after the medical equipment
maker's quarterly profits beat market expectations.
Among losers, Line 3938.T fell 4.5% and Z Holdings
4689.T declined 5.1% after massive gains the previous day on
news that the two technology firms are in merger talks.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.