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Japan's Nikkei rises on weaker yen, easing worries about trade tensions
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Japan's Nikkei rises on weaker yen, easing worries about trade tensions
Jun 6, 2025 12:39 AM

(Rewrites paragraph 1, adds comments, updates with closing

prices)

TOKYO, June 6 (Reuters) - Japan's Nikkei share average

rose on Friday, as a weaker yen lifted sentiment, while concerns

about trade tensions eased following a phone call between U.S.

President Donald Trump and Chinese President Xi Jinping.

The Nikkei rose 0.5% to 37,741.61 but fell 1% for

the week. The broader Topix climbed 0.47% to 2,769.33

while posting a 1.6% weekly loss.

"The trade talks seemed to have ended peacefully and that

sent a positive sign to the market," said Naoki Fujiwara, senior

fund manager at Shinkin Asset Management.

On Thursday, Trump held a long-awaited phone call with Xi

Jinping, in an effort to resolve trade disputes between the

world's two largest economies that have buffeted the global

economy, and agreed to hold further discussions.

But caution ahead of the U.S. non-farm payrolls report, due

later in the day, capped gains, Fujiwara said.

The Nikkei got technical support ahead of the fixing of

special quotation prices, used to set values on index options

and futures, next week, said Seiichi Suzuki, chief equity market

analyst at Tokai Tokyo Intelligence Laboratory.

"Foreigners, who shorted the Nikkei futures, bought them

back ahead of the fixing day, which also lifted the Nikkei

index."

The yen, which last traded down 0.3% at 144 per dollar, also

supported local equities, Shigetoshi Kamada, general manager at

the research department of Tachibana Securities, said.

Chip-related heavyweights Tokyo Electron ( TOELF ) and

Advantest ( ADTTF ) rose 1.28% and 2.23%, respectively.

Automakers gained, with Honda Motor ( HMC ) and Nissan

Motor ( NSANF ) adding 1.3% and 1.27%, respectively, while Toyota

Motor ( TM ) moved 0.06% higher.

Panasonic Holdings ( PCRFF ), which supplies batteries for

Tesla, lost 2.37% after Tesla shares plunged 14.3%.

ispace tanked 29% to 744 yen, hitting the day's

exchange-allowed floor, after the space venture said that its

uncrewed moon lander likely crashed onto the lunar surface

during its touchdown attempt.

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