TOKYO, Sept 5 (Reuters) - Japan's Nikkei share average
closed at a more-than two-week high on Friday as auto shares
rose after U.S. President Donald Trump signed an order to lower
tariffs on Japanese automobile shipments and other products.
The Nikkei rose 1.03% to close at 43,018.75, its
highest close since August 19. The index rose to an intraday
high of 43,220.94 soon after the opening.
The broader Topix rose 0.82% to 3,105.31.
"Investors welcomed the news about Trump's order to lower
tariffs on Japan's exports, but the gains at the open were too
much," said Shuji Hosoi, senior strategist at Daiwa
Securities.
Toyota Motor ( TM ) and Honda Motor ( HMC ) rose 1.98%
and 1.14%, respectively.
Chip-related shares rose, with Advantest ( ADTTF ) and Tokyo
Electron ( TOELF ) gaining 2.14% and 0.77%, respectively.
Daiwa Securities' Hosoi said the Nikkei could touch the
44,000 level next week, as sentiment was boosted by the lower
tariffs on Japanese products.
The index is also seen rebounding as it fell below its
25-day moving average earlier this week, Hosoi said.
The Nikkei hit a record high in August and traded above the
25-day moving average, a key support level in technical
analysis, for most of the month.
Of more than 1,600 stocks trading on the Tokyo Stock
Exchange's prime market, 67% rose, 28% fell, and 3% traded
flat.