Tokyo stocks close higher as yen edges lower

Tokyo stocks closed higher on Friday as the yen eased against the dollar on the backdrop of receding trade war worries that boosted US shares.

The Nikkei 225 index closed up 0.82 percent, or 195.00 points, at 23,869.93. Over the week, the index gained 3.36 percent.

The broader Topix index ended up 0.92 percent, or 16.42 points, at 1,804.02. It climbed 4.36 percent over the week.


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Nikkei at 8-mth highs, Wall St rally makes markets less edgy over trade

Japan’s Nikkei advanced to fresh eight-month highs led by an upbeat Wall Street performance, with commodity stocks rising as investors appeared to gravitate to the view that the U.S.-China trade row would be less damaging to growth than first feared.

The Nikkei share average gained 0.8 percent to 23,864.04 in midmorning trade, the highest level since January 24. The market eyes another milestone ahead, as the Nikkei edges closer to the 24,129.34 hit on Jan. 23, a break of which will put it at the highest point since November 1991.

For the week, the Nikkei has risen 3.1 percent so far.


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Hong Kong stocks open sharply higher

Hong Kong stocks got off to a booming start on Friday, tracking a record performance on Wall Street and extending this week’s rally on hopes China and the US will eventually resolve their trade dispute.

The Hang Seng Index rose 0.85 percent, or 234.68 points, to 27,712.35 in early trade.

And the benchmark Shanghai Composite Index edged up 0.17 percent, or 4.63 points, to 2,733.87, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, climbed up 0.22 percent, or 3.11 points, to 1,423.13.

Sumber : AFP

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