Japanese shares steady amid trade optimism [Reuters]
JAPAN TOBACCO UNSP/ADR (JAPAY)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Reuters
Japanese shares steady amid trade optimism TOKYO, Dec 27 (Reuters) - Japanese shares were largely unchanged on Friday, though optimism on U.S.-China rapprochement on a trade deal underpinned the market, especially cyclical value shares. As of 0214 GMT, the Nikkei share average was down 0.03% at 23,918.90, still not far from 14-month top of 24,901 touched early December while the broader Topix gained 0.22% to 1,734.98. The market has been supported by hopes that the United States and China will sign off on a tentative trade deal early next year. But as many foreign investors remained absent due to year-end holidays, retail Japanese traders were considered to be the main players. Shippers were the best performing sector among the Tokyo Stock Exchange’s 33 industry subindexes with gain of 1.2%. Kawasaki Kisen rose 1.9% while Mitsui OSK Lines gained 1.4%. Household names did well with Softbank Group rising 1.5% and Nintendo 0.7%. The index of Mothers start-up market rose 0.5% while the Ja
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