logo
Tokyo stocks end higher on optimism over US-China trade talks

Tokyo stocks end higher on optimism over US-China trade talks

The Mainichi12-05-2025
TOKYO (Kodo) -- Tokyo stocks ended higher Monday, backed by hopes for easing trade tensions between the United States and China following their first ministerial-level talks since U.S. President Donald Trump imposed steep tariffs on imports.
The 225-issue Nikkei Stock Average ended up 140.93 points, or 0.38 percent, from Friday at 37,644.26. The broader Topix index finished 8.59 points, or 0.31 percent, higher at 2,742.08.
On the top-tier Prime Market, gainers were led by warehousing and harbor transportation service, mining and securities house issues.
The U.S. dollar remained firm against the yen in Tokyo, rising to above 147 yen later in the afternoon, as the Japanese currency, seen as a safe-haven asset, was sold on receding fears of an intensified trade conflict between the world's two largest economies, dealers said.
Tokyo stocks opened higher after China's official media reported that Beijing agreed with Washington during weekend trade talks in Geneva to establish an economic and trade mechanism. But they fell at one point into negative territory as some investors locked in gains following sharp advances on Friday, brokers said.
"While details of the meeting remain unknown, the development can be taken relatively positively as there seems to be a conciliatory mood," said Makoto Sengoku, senior equity market analyst at Tokai Tokyo Intelligence Laboratory Co.
Export-linked auto and machinery shares were supported by a weak yen, which increases exporters' overseas profits when repatriated.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nissan fans stay loyal but worry about turmoil: Nikkei poll
Nissan fans stay loyal but worry about turmoil: Nikkei poll

Nikkei Asia

time31 minutes ago

  • Nikkei Asia

Nissan fans stay loyal but worry about turmoil: Nikkei poll

Nissan has made no full redesigns of flagship models since 2022, leaving it struggling to draw customers to dealerships. © Reuters TAKAKO FUJIU and RISAKO KOJIMA TOKYO -- As Nissan Motor grapples with sluggish sales, exacerbated by a lack of fresh offerings, Nikkei asked current drivers of Nissan cars whether they will stick with the Japanese automaker despite its tribulations. When asked what car they want to drive next, 58% of the 104 respondents said they plan to go with Nissan again. Of the rest, 12% look to switch to a model from Toyota Motor and 8% to Honda Motor, with some others naming imported brands such as BMW and Mercedes-Benz.

Foreign buyers' growing sway in ultralong JGBs raises stability risks
Foreign buyers' growing sway in ultralong JGBs raises stability risks

Nikkei Asia

timean hour ago

  • Nikkei Asia

Foreign buyers' growing sway in ultralong JGBs raises stability risks

TOKYO -- The market for ultralong-term Japanese government bonds (JGBs) is becoming increasingly reliant on international investors drawn to relatively low prices and a steep yield curve, raising concerns about potential risks posed to supply and demand stability. Foreign investors bought 1.5 trillion yen ($10.2 billion) in ultralong JGBs on a net basis in June, according to data released Tuesday by the Japan Securities Dealers Association. This is the third-highest monthly tally in QUICK data going back to 2004, behind only April and March of this year. For the January-June half, foreign investors bought 8.8 trillion yen more in bonds than they sold.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store