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Japan's Nikkei climbs for fourth day on US-China trade framework; Hino plunges
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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.

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