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Tech, autos boost Japan’s Nikkei as trade war worries ease
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Japan’s Nikkei share average rose to a three-week high on Thursday, tracking a tech-led rally on Wall Street overnight, as the White House signalled a willingness to de-escalate its trade war with China.
A Financial Times report that U.S. President Donald Trump may exempt car companies from some tariffs lent additional support to auto shares.
The market initially enjoyed the broad support of a retreat in the yen’s value against the dollar, although a rebound on Thursday contributed to Japan’s stock indexes paring gains into the close.
The Nikkei…
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