Tokyo Stocks Surge, Buoyed by China-U.S. Tariff Hope
(MENAFN) Tokyo's stock market experienced gains on Monday, fueled by investor confidence stemming from positive developments in discussions regarding tariffs between China and the United States. This optimism spurred buying activity in stock index futures.
The Nikkei Stock Average, a key indicator, concluded the day at 37,644.26, marking an increase of 140.93 points, or 0.38%, compared to the previous trading session. The expectation of a potential easing in trade tensions between the two major economies led to advances in prominent semiconductor companies such as Advantest and Tokyo Electron. The Nikkei's rise peaked at over 200 points during the trading day.
Nevertheless, the upward trend faced limitations as the specific details of the tariff negotiations were anticipated to be released later in the day.
The broader Topix Index also saw a continuation of its positive performance, finishing at 2,742.08, a gain of 8.59 points, or 0.31%. This marked the index's highest point since March 28th.
On the Tokyo Stock Exchange's Prime Market, the number of advancing issues totaled 1,116, while 476 issues declined, and 42 remained unchanged.
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