Tokyo stocks flat at the open | Fin24

Tokyo stocks flat at the open

Apr 11 2018 09:22

Tokyo - Tokyo stocks opened flat on Wednesday, taking a breather after rises the previous day as a conciliatory speech by Chinese President Xi Jinping eased fears of a trade war with the United States.

The benchmark Nikkei 225 gained 0.10% to 21 816.38 while the broader Topix index was up 0.10% at 1 733.75.

"Rises on Wall Street did not trigger fresh buying today as Japanese stocks already rose before US stocks" following the speech at an Asian forum, said Makoto Sengoku, market analyst at Tokai Tokyo Research Institute.

But investor sentiment remains strong nonetheless.

"The mood isn't in top gear but is still positive," Sengoku told AFP.

The dollar was at ¥107.08 against ¥107.19 in New York on Tuesday afternoon.

Stock markets across the world jumped higher on Tuesday following a Xi speech that reassured investors a trade war with the United States could be avoided.

In Wednesday's trade in Tokyo, SoftBank Group jumped 4.77% to ¥8 082 after the Wall Street Journal reported that US carriers in the group - Sprint and T-Mobile - have rekindled merger talks.

Toyota rose 0.61% to ¥6 880 and shipping firm Nippon Yusen climbed 2.25% to ¥2 174.

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equities  |  markets  |  tokyo stocks


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