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Tokyo stocks close higher on hopes for U.S.-China trade talks

Source: Xinhua| 2018-08-17 18:14:44|Editor: zh
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TOKYO, Aug. 17 (Xinhua) -- Tokyo stocks closed higher Friday on reports that the United States and China will hold trade-related talks next week.

The 225-issue Nikkei Stock Average added 78.34 points, or 0.35 percent, from Thursday to close the day at 22,270.38.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 10.38 points, or 0.62 percent, to finish at 1,697.53.

Trading got off to a bright start as investor sentiment was positive after a solid showing on Wall Street overnight and the yen easing against the U.S. dollar, local brokers said.

Reports that China and the U.S. will meet next week to discuss trade-related issues also added to a buoyant mood, they added, while noting that some players took a wait-and-see approach ahead of the U.S. plan to levy further taxes on Chinese imports.

Tensions between the U.S. and Turkey also curbed gains following U.S. Treasury Secretary Steven Mnuchin reportedly saying that the U.S. could take further actions against Ankara if it fails to release a jailed American pastor, strategists highlighted.

By the close of play, marine transportation, precision instrument, and mining-oriented issues comprised those that gained the most, and rising issues beat declining ones by 1,498 to 523 on the First Section, with 82 ending the day unchanged.

On the main section on Friday, 1,116.29 million shares changed hands, dropping from Thursday's volume of 1,546.77 million shares.

The turnover on the final trading day of the week came to 1,845.5 billion yen (16.69 billion U.S. dollars).

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