Nikkei rises after European shares support mood; Tokyo Electron surges [Reuters]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Reuters
Nikkei rises after European shares support mood; Tokyo Electron surges - Reuters 2 Min Read * Tokyo Electron gains 6% on share-buyback plan * Electric machinery makers outperform By Ayai Tomisawa TOKYO, May 28 (Reuters) - Japan’s Nikkei rose on Tuesday as gains in European markets improved sentiment, while shares of Tokyo Electron surged after it announced a share buyback. The Nikkei share average rose 0.4% to 21,272.46 at the midday break. Turnover on the mainboard on Monday was the lowest since December 2014, with fewer traders in the market as U.K. and U.S. markets were closed for holidays. For Tuesday, turnover was expected to be thin again. After U.S. President Donald Trump met Japanese Prime Minister Shinzo Abe on Monday, he told reporters he expected the two countries to be “announcing some things, probably in August, that will be very good for both countries” on trade. On Tuesday, Japan’s Economy Minister Toshimitsu Motegi said Trump’s comment probably reflected his hope for q
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