Nikkei hits 1-week high after Trump's White House return lifts risk mood
06/10/2020 07:04
TOKYO, Oct 6 (Reuters) - Japanese stocks ended at a near
one-week high on Tuesday, as risk sentiment improved after U.S.
President Donald Trump returned to the White House following
treatment at a hospital for COVID-19, easing fears over
political uncertainty.
The benchmark Nikkei share average .N225 rose 0.52% to
23,433.73, while the broader Topix .TOPX gained 0.52% to
1,645.75. Both indexes hit levels unseen since Sept. 30.
Investors took cues from Wall Street's positive finish
overnight when main indexes rose sharply on stimulus hopes and
on news President Trump would return to the White House after a
three-night hospital stay. .N
Trump's doctors told reporters the president has not had a
fever in more than 72 hours and his oxygen levels are normal,
but they declined to discuss any toll the disease could have on
Trump's lungs or disclose when he last tested negative for the
coronavirus. urn:newsml:reuters.com:*:nL1N2GW0B9
Back home, Japanese technology and semiconductor shares
gained as they benefited from more than a 2% rise in the Nasdaq
overnight.
SoftBank Group 9984.T gained 2.41% while Disco Corp
6146.T closed 1.74% firmer.
Panasonic Corp 6752.T gained more than 2% and Toyota Motor
Corp 7203.T ended 0.71% higher after their joint battery
venture said it would establish a production line in Western
Japan to manufacture lithium-ion power units for hybrid vehicles
beginning in 2022. urn:newsml:reuters.com:*:nT9N2GC018
Stocks that outperformed included Hino Motors Ltd 7205.T ,
which jumped 6.36% after Toyota 7203.T said on Monday they
would jointly develop a heavy-duty fuel cell electric truck for
the North American market. urn:newsml:reuters.com:*:nL4N2GW2TX
Japan Exchange Group Inc 8697.T , the owner of the Tokyo
Stock Exchange, dropped 3.29% after the exchange appointed four
external board members to a committee to investigate last week's
trading outage. urn:newsml:reuters.com:*:nL4N2GW0I0
System developer Fujitsu Ltd 6702.T , also edged 0.74%
lower as it continues to examine the cause of the incident.
Elsewhere, shares of the Mothers Index .MTHR of start-up
firms rose 0.95%.
(Reporting by Eimi Yamamitsu, Editing by Sherry Jacob-Phillips)
((eimi.yamamitsu@thomsonreuters.com;))