Tokyo stocks rise on hopes for progress in U.S.-China trade talks

Tokyo stocks rise on hopes for progress in U.S.-China trade talks
People walk past screens displaying stock market information in Tokyo, Japan, April 25, 2024. Tokyo stocks closed significantly lower on Thursday, snapping a three-day winning streak, as investors took steps to lock in gains amid concerns over corporate performance.(Xinhua/Zhang Xiaoyu)
TOKYO, June 10 (Xinhua) — Tokyo stocks ended higher Tuesday, lifted by hopes for easing tensions as the United States and China prepare to hold trade talks for a second day.

Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 122.94 points, or 0.32 percent, from Monday at 38,211.51.

The broader Topix index, meanwhile, finished 0.83 point, or 0.03 percent, higher at 2,786.24.

On the stock market, sentiment was lifted after senior U.S. officials made positive remarks following the conclusion of the first day of high-level trade talks between the world’s two largest economies in London on Monday, analysts said.

But gains were limited as investors cautiously awaited the outcome of negotiations to see whether Washington and Beijing can come up with specific agreements, they added.