Tech, autos boost Japan’s Nikkei as trade war worries ease

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Japan’s Nikkei share average rose to a three-week high on Thursday, tracking a tech-led rally on Wall Street overnight, as the White House signalled a willingness to de-escalate its trade war with China.

A Financial Times report that U.S. President Donald Trump may exempt car companies from some tariffs lent additional support to auto shares.

The market initially enjoyed the broad support of a retreat in the yen’s value against the dollar, although a rebound on Thursday contributed to Japan’s stock indexes paring gains into the close.

The Nikkei…



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Tech, autos boost Japan’s Nikkei as trade war worries ease


Japan’s Nikkei share average rose to a three-week high on Thursday, tracking a tech-led rally on Wall Street overnight, as the White House signalled a willingness to de-escalate its trade war with China.

A Financial Times report that U.S. President Donald Trump may exempt car companies from some tariffs lent additional support to auto shares.

The market initially enjoyed the broad support of a retreat in the yen’s value against the dollar, although a rebound on Thursday contributed to Japan’s stock indexes paring gains into the close.

The Nikkei…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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