Tokyo’s Nikkei up over 2% on trade talks, UK exit poll
Tokyo, Dec 13 (AFP/APP): Tokyo’s key Nikkei stock index jumped more than two percent Friday, boosted by hopes for an imminent US-China trade deal and polls predicting an election win for Britain’s ruling Conservative Party, setting the stage for Brexit. The Nikkei 225 index rallied 2.18 percent or 510.91 points to 23,935.72 in early trade while the broader Topix index was up 1.63 percent or 28.00 points at 1,740.83. “The market is reacting to the twin positive news, the reported US-China deal on trade, and the UK vote,” both of them reducing uncertainty, Kyoko Amemiya, senior market analyst at SBI Securities, told AFP. Wall Street rallied on Thursday after media reports indicated President Donald Trump would call off steep tariffs planned for Sunday and slash duties already in place on Chinese goods. “Getting VERY close to a BIG DEAL with China. They want it, and so do we!” Trump tweeted early in the day, giving stocks a lift. British exit polls also showed Prime Minister Boris Johnson’s Conservative Party was on course to score a large parliamentary victory, pushing the pound up about two percent against the dollar. Sterling was holding steady in early Friday Asian trade, buying $1.3456 against … Continue reading Tokyo’s Nikkei up over 2% on trade talks, UK exit poll
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