May 27, 2020

Tokyo Stock Exchange rises 1.15% hopeful for US-China dialogue

The Tokyo Stock Exchange rose 1.15% today in its main indicator, the Nikkei, in keeping with the advances in other markets due to the hopes placed in the US negotiations with China.

The Nikkei, which includes the 225 most representative titles in the market, rose this Friday 246.89 points, to 21,798.87 integers.

For its part, Topix, which brings together the most capitalized firms, gained 0.88% or 13.85 points, up to 1,595.27 integers.

Analysts attributed today's progress to the positive signals that emerged after the first meeting held in Washington between US and Chinese representatives to try to close the trade war that has faced the two countries since last year.

Among the main firms of the Tokyo parquet, the Fast Retailing group, owner of the Uniqlo chain, gained 2.62% in the first session after it disclosed its annual results, with a record profit, after the closing of operations from Thursday.

Toyota, the company with the largest capitalization of Tokyo parquet, advanced 2.26%, while Nintendo lost 1.06%, the Softbank technology consortium fell 0.81% and Sony yielded 1.53%.

Of the firms included in the Topix, they rose 1,321, 807 fell and 115 ended unchanged.

The volume of operations reached 2.12 billion yen (17.810 million euros), compared to 1.85 trillion yen (15.658 million euros) the previous day.

. (tagsToTranslate) Bag (t) Tokyo (t) hopeful (t) US (t) China

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