Nikkei climbs to 2-month high on U.S.-China trade optimism [Reuters]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Reuters
Nikkei climbs to 2-month high on U.S.-China trade optimism - Reuters 3 Min Read * Nikkei highest since May 7 * Chip-related stocks, electric component makers surge * JSR falls on Japan high-tech export restrictions to South Korea By Ayai Tomisawa TOKYO, July 1 (Reuters) - Japan’s Nikkei surged to near two-month highs on Monday morning as risk sentiment improved after the United States and China agreed to restart trade talks, while tech share also got a lift on an easing of restrictions on Huawei. The Nikkei share average jumped 1.8% to 21,658.93 at the midday break, after hitting a high of 21,669.65 the best level since May 7. China agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table, after a weekend meeting between U.S. President Donald Trump and Chinese President Xi Jinping. No deadline was set for progress on a deal, and the world’s two largest economies remain at odds over significant parts of an agreement. Trump offered an olive bran
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