REFILE-Japanese shares edge up amid market calm, but sentiment stays weak [Reuters]
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Source: Reuters
REFILE-Japanese shares edge up amid market calm, but sentiment stays weak - Reuters 2 Min Read (Corrects to remove extraneous character in 8th paragraph) TOKYO, Aug 8 (Reuters) - Japanese shares eked out small gains on Thursday on bargain-hunting after the past week’s heavy selling, but investor sentiment remained frail due to the uncertain outlook for reducing conflicts between the United States and China. At midday, the Nikkei share average was up 0.59% to 20,636.72 after four straight days of losses. The broader Topix gained 0.15% to 1,502.11. Growth shares extended their outperformance since mid-July, with Topix Growth index rising 0.3% while value shares dipped 0.1%. The market was relieved as the Chinese yuan was largely stabilising after heavy falls early this week and as there was no fresh escalation in Sino-U.S. tensions over the last 24 hours. “The market calmed down a bit as there was no particular bad news,” said Soichiro Monji, senior economist at Sumitomo Mitsui DS Asset
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