financetom
Market
financetom
/
Market
/
Japan's Nikkei climbs for fourth day on US-China trade framework; Hino plunges
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei climbs for fourth day on US-China trade framework; Hino plunges
Jun 10, 2025 9:00 PM

TOKYO, June 11 (Reuters) - Japan's Nikkei share gauge

climbed for a fourth straight session on Wednesday after U.S.

and Chinese officials agreed on a framework to put their trade

truce back on track and remove China's curbs on rare earths,

supporting demand for risk assets.

Chip-sector heavyweights Sumco ( SUMCF ) and Tokyo Electron ( TOELF )

surged 7% and 3.6%, respectively. Mazda Motor ( MZDAF )

climbed 1.2% as the yen weakened, boosting export shares.

The Nikkei 225 Index climbed 0.5% as of the midday

break, set for its longest winning streak in about a month. So

far, it is down 4.2% for the year. The broader Topix gauge

was flat.

U.S. President Donald Trump's on-again, off-again tariff

spats have largely been factored into global equity prices, but

Japanese stocks have yet to recover to highs seen around the

beginning of the year, said Tatsunori Kawai, chief strategist at

Mitsubishi UFJ eSmart Securities.

After meetings by the Bank of Japan and the Federal Reserve

next week, summer salary bonuses and company dividends in Japan

may be factors to push domestic shares higher.

"With those funds in the pipeline, I think the inflow of

money into the market will continue," Kawai said. "After we get

through next week, I think it's basically easier to go higher

and catch up with U.S. equities."

Sumco ( SUMCF ) was the biggest gainer on the Nikkei, followed by

Isetan Mitsukoshi ( IMHDF ) gaining 6.2%.

The biggest loser was Hino Motors ( HINOF ) down 17%, after

the truckmaker and unit of Toyota Motor ( TM ) said it would

issue new shares as part of a merger agreement with Mitsubishi

Fuso.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Top 5 Tech And Telecom Stocks That May Fall Off A Cliff In Q2
Top 5 Tech And Telecom Stocks That May Fall Off A Cliff In Q2
May 17, 2024
As of May 17, 2024, five stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to...
US Futures Nudge Higher Premarket Friday as Investors Await Leading Economic Indicators
US Futures Nudge Higher Premarket Friday as Investors Await Leading Economic Indicators
May 17, 2024
08:21 AM EDT, 05/17/2024 (MT Newswires) -- US stock futures are trending marginally higher in Friday's premarket activity after a busy week of earnings and inflation data, and ahead of the index of leading economic indicators and the Baker Hughes rig count coming out later in the day. The Dow Jones Industrial Average futures were up 0.04%, S&P 500 futures...
Exchange-Traded Funds, Equity Futures Tread Water Pre-Bell Friday Amid Waning September Rate Cut Hopes
Exchange-Traded Funds, Equity Futures Tread Water Pre-Bell Friday Amid Waning September Rate Cut Hopes
May 17, 2024
08:29 AM EDT, 05/17/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) edged up 0.04% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity, as hopes of a September rate cut waned following US Federal Reserve officials' statements. US stock futures were also edging higher, with...
US STOCKS-Wall St set to open slightly higher, extend weekly gains
US STOCKS-Wall St set to open slightly higher, extend weekly gains
May 17, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Reddit ( RDDT ) gains on OpenAI partnership * GameStop ( GME ) expects Q1 revenue to drop, shares tumble * AMD up as Microsoft ( MSFT ) offers AMD option to Nvidia AI processors * Futures up: Dow...
Copyright 2023-2026 - www.financetom.com All Rights Reserved