Tokyo stocks open up on hopes for easing of US-China trade tensions
TOKYO (Kyodo) -- Tokyo stocks opened higher Friday, lifted by hopes for an easing of trade frictions between the United States and China after U.S. President Donald Trump and Chinese President Xi Jinping held phone talks.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 138.49 points, or 0.37 percent, from Thursday to 37,692.98. The broader Topix index was up 12.39 points, or 0.45 percent, at 2,768.86.
On the top-tier Prime Market, gainers were led by land transportation, insurance and construction issues.
At 9 a.m., the U.S. dollar fetched 143.54-59 yen compared with 143.57-67 yen in New York and 143.34-36 yen in Tokyo at 5 p.m. Thursday.
The euro was quoted at $1.1452-1454 and 164.38-47 yen against $1.1438-1448 and 164.20-30 yen in New York and $1.1412-1413 and 163.59-63 yen in Tokyo late Thursday afternoon.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NHK
30 minutes ago
- NHK
US and China set to resume trade talks on Monday
The US and China have been engaged in a bruising trade war that's lasted for months, but there may be signs of a thaw. US President Donald Trump has held a phone call with his Chinese counterpart and says negotiators from the two sides will sit down for talks on Monday. Trump wrote on social media Friday that his treasury secretary, commerce secretary and trade representative will take part. The meeting will be held in London. He had previously complained that China is violating a trade deal that was agreed to just last month. His administration also says China is holding up exports of rare-earth materials. However, he has struck a different tone since the call with President Xi Jinping on Thursday. He said relations are back on track and negotiations for the trade deal are in "good shape." Reuters has quoted sources as saying the rare-earths issue may be easing as well. It says China has granted temporary export licenses to the entities that supply the top three US automakers.
Nikkei Asia
an hour ago
- Nikkei Asia
Northeast Asia could have 5 nuclear powers, Singaporean foreign minister warns
WASHINGTON -- Northeast Asia is at risk of having five nuclear powers -- by adding South Korea and Japan to Russia, China and North Korea -- while Pyongyang is far less likely to give up its nuclear program than during U.S. President Donald Trump's first term, Singaporean Foreign Minister Vivian Balakrishnan told the Hudson Institute here on Friday. Singapore hosted the first summit between Trump and North Korean leader Kim Jong Un in June 2018. But asked if another meeting could spur progress, Balakrishnan said, "Time has moved on since the past seven years, and actually the question of nuclear proliferation now, it goes beyond just North Korea."
NHK
an hour ago
- NHK
Trump speaks with new South Korean President Lee
US President Donald Trump spoke with his new South Korean counterpart, Lee Jae-myung, who just took office this week. He agreed with Lee to work toward completing a swift deal on tariffs that will benefit both sides. South Korea's presidential office confirmed on Friday that the two leaders held their first phone call, which lasted around 20 minutes. The office said in a statement that Trump began by offering his congratulations on Lee's election victory. It said Lee responded by reaffirming the importance of their alliance, describing it as the foundation of Seoul's diplomacy. The office also said Trump invited Lee to visit the US, and the two agreed to hold a summit at the earliest opportunity. However, the discussion veered in other directions. They took time to talk about their golf games and agreed to play a round when they could. Lee used his swearing-in ceremony on Wednesday to call for a deepening of ties with the US and its partners. He said, "Based on a strong South Korea-US alliance, we will strengthen trilateral cooperation with the US and Japan while approaching relations with neighboring countries from the perspective of practicality and national interest." South Korean politics had been in turmoil for six months before Lee took office. It was thrown into disarray when former President Yoon Suk-yeol briefly declared martial law in December.
