AIRLINK 173.25 Decreased By ▼ -2.48 (-1.41%)
BOP 13.24 Increased By ▲ 0.12 (0.91%)
CNERGY 7.38 Decreased By ▼ -0.16 (-2.12%)
FCCL 43.60 Decreased By ▼ -0.31 (-0.71%)
FFL 14.93 Decreased By ▼ -0.08 (-0.53%)
FLYNG 26.49 Decreased By ▼ -0.41 (-1.52%)
HUBC 129.82 Decreased By ▼ -0.41 (-0.31%)
HUMNL 13.35 Increased By ▲ 0.01 (0.07%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 6.00 Decreased By ▼ -0.06 (-0.99%)
MLCF 55.00 Decreased By ▼ -1.03 (-1.84%)
OGDC 215.70 Increased By ▲ 0.93 (0.43%)
PACE 5.95 Decreased By ▼ -0.03 (-0.5%)
PAEL 41.47 Increased By ▲ 0.57 (1.39%)
PIAHCLA 16.70 Increased By ▲ 0.38 (2.33%)
PIBTL 9.59 Decreased By ▼ -0.16 (-1.64%)
POWER 11.65 Decreased By ▼ -0.11 (-0.94%)
PPL 182.62 Increased By ▲ 1.14 (0.63%)
PRL 34.20 Decreased By ▼ -0.02 (-0.06%)
PTC 22.86 Decreased By ▼ -0.20 (-0.87%)
SEARL 94.00 Decreased By ▼ -1.72 (-1.8%)
SILK 1.16 Increased By ▲ 0.02 (1.75%)
SSGC 35.56 Increased By ▲ 0.11 (0.31%)
SYM 15.80 Increased By ▲ 0.05 (0.32%)
TELE 7.81 Decreased By ▼ -0.06 (-0.76%)
TPLP 10.85 Decreased By ▼ -0.13 (-1.18%)
TRG 60.84 Increased By ▲ 0.34 (0.56%)
WAVESAPP 10.75 Decreased By ▼ -0.06 (-0.56%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.79 Increased By ▲ 0.02 (0.53%)
BR100 12,095 Increased By 41 (0.34%)
BR30 36,634 Increased By 167.5 (0.46%)
KSE100 114,166 Decreased By -190.7 (-0.17%)
KSE30 35,241 Decreased By -105.8 (-0.3%)

TOKYO: Tokyo stocks opened higher on Tuesday tracking rallies on overseas markets on optimism over US-China trade talks, after US President Donald Trump said the discussions were in an "advanced stage".

The benchmark Nikkei 225 index added 0.10 percent or 20.56 points to 21,548.79 in early trade while the broader Topix index was up 0.04 percent or 0.57 points at 1,621.44.

The Japanese market was also supported by a cheaper yen against the dollar, analysts said.

The dollar fetched 111.04 yen in early Asian trade, almost unchanged from 111.05 yen in New York but higher than its level below 111 yen in Asian trading hours on Monday.

US President Donald Trump said Monday he expects to hold a "signing summit" with China's President Xi Jinping to seal a trade deal, since discussions are in the "advanced stages".

The comments cheered global stock markets, as investors bet the dispute would not ratchet up immediately.

Citing progress in the four days of talks, after officials worked through the weekend, Trump on Sunday extended a March 1 deadline, postponing for now a sharp increase in tariffs on $200 billion in Chinese goods.

"Rallies in US shares and a cheaper yen are seen boosting Japanese stocks," Yutaka Masushima, market analyst at Monex, said in a commentary.

In Tokyo, some exporters were higher, with Toyota trading up 0.25 percent at 6,791 yen, its rival Nissan up 0.33 percent at 1,956 yen and Tokyo Electron, a chip-making equipment manufacturer, trading up 0.48 percent at 15,685 yen.

On Wall Street, the Dow closed 0.2 percent higher at 26,091.95.

Copyright AFP (Agence France-Press), 2019
 

Comments

Comments are closed.