Japan’s Nikkei rose on Friday as a weaker yen supported sentiment, with the pharmaceutical sector leading gains after a report that Eisai moved forward its mid-term profit goal by one year.
The Nikkei share average was up 0.4 percent at 22,488.68 points by the midday break. For the week, the benchmark index has risen 1 percent.
The dollar is comfortably staying above 111 yen, after gaining nearly 0.7 percent against the Japanese currency after the U.S. Federal Reserveâ€™s minutes showed officials discussed raising rates soon.
Eisai Co rose 1.9 percent, after the Nikkei business daily reported that the drugmaker is expected to post an operating profit of 102 billion yen ($ 923.16 million) in the year ending March 2020, moving one year forward its mid-term business plan.
The broader Topix advanced 0.4 percent to 1,704.08.
As expected, Sino-U.S. trade talks ended on Thursday with no major breakthrough as the two sides escalated their trade war, activating more tariffs on each countryâ€™s goods.
Many trade-reliant Asian economies are worried they will suffer collateral damage if the dispute drags on and disrupts Chinese demand.
PT Bestprofit Futures – MARKET
Sumber : bpfnews.com