AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Japanese shares bounced back on Tuesday ahead of high-level Sino-US talks this week to resolve a damaging trade war, with semiconductor-related firms leading the gains after Samsung flagged a slightly better than expected third-quarter profit.

The benchmark Nikkei average ended up 1.0% at 21,587.78 points, while the broader Topix added 0.9% to 1,586.50, though trading volume was below average as many investors remained on the sidelines before the key trade talks.

Chinese Vice Premier Liu He is due to meet US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday and Friday, but hopes for a deal dimmed on Monday after President Donald Trump said a quick agreement was unlikely.

Overnight, the dollar rallied against the yen from a low of 106.55 yen to as high as 107.465 yen, providing a boost for shares of Japanese exporters as a weak yen enhances corporate profits when they are repatriated.

Among blue-chip exporters, Toyota Motor Co gained 1.5%, NIDEC advanced 2.8% and Omron Corp added 2.4%.

Semiconductor-related shares made gains after South Korea's Samsung Electronics flagged slightly better than expected third-quarter profit, helping to ease investor concerns about the smartphone market.

In Tokyo, Sumco jumped 3.8%, Advantest soared 4.4% and Screen Holdings climbed 3.7%.

Investor sentiment was also helped by solid moves on the Shanghai and Hong Kong stock markets after a one-week holiday in China.

By sector, precision machinery, metal products and oil & coal products were the top three performers among the Tokyo bourse's 33 sector subindexes, up 2.2%, 2.0% and 1.7%, respectively.

Copyright Reuters, 2019

Comments

Comments are closed.