Japanese shares jump to 1-month high on Hong Kong, Brexit, US-China trade news

By Tomo Uetake
TOKYO, Sept 5 (Reuters) - Japanese shares advanced to a one
month-high on Thursday as investors cheered some easing tension
in Hong Kong, British lawmakers' vote against a "no-deal" Brexit
and signs of progress in U.S.-China trade talks.
The benchmark Nikkei average .N225 gained as much as 2.5%
to 21,157.15 in the morning session, its highest level since
Aug. 2, while the broader Topix .TOPX rose as much as 2.3% to
1,540.59, its highest in a month.
Risk appetites were improved by news that Hong Kong leader
Carrie Lam withdrew an extradition bill that had triggered
months of often violent protests in the Asian financial hub and
that British lawmakers voted to prevent a no-deal Brexit on Oct.
31. The market extended early gains after Beijing said China and
the United States agreed to hold trade talks in Washington in
early October. All of the Tokyo Stock Exchange's 33 subsectors were in
positive territory as the market attracted hefty purchases
across the board.
Cyclical sectors were particularly in demand, with sea
transport .ISHIP.T , electrical machinery .IELEC.T and
precision machinery .IPRCS.T the top three performing
subindexes on the Topix, up between 3.2 and 3.7%.
Other notable movers include TSE REIT index .TREIT , edging
up 0.3% higher to hit a fresh 12-year high since 2007.
M3 Inc 2413.T soared 11.4% and Tokyo Dome Corp 9681.T
dived 7.0% after index provider Nikkei announced it will drop
the baseball stadium operator from the Nikkei 225 share average
and replace it with the medical-related service provider, from
Oct 1.
Candidates which did not make the list were down, due to
disappointment. Kakaku.com 2371.T , Zozo 3092.T and Nintendo
7974.T shed 5.5%, 1.7% and 1.2%, respectively.
Nissan Motor Co 7201.T gained 2.6% despite media reports
quoting its chief executive as admitting to improperly receiving
stock-related compensation, in the latest case of financial
misconduct among executives at Japan's second-largest automaker.