Nikkei rises to more than 2-week high; Line extends rally [Reuters]
LINE CORP (LN)
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Source: Reuters
Nikkei rises to more than 2-week high; Line extends rally | Reuters 3 Min Read * Dainippon Sumitomo Pharma jumps after lawsuit resolved * Higher freight charges lift shippers By Ayai Tomisawa TOKYO, Nov 28 (Reuters) - Japan’s Nikkei rose on Wednesday morning to more than a two-week high, with Line Corp extending gains on its partnership deal with Mizuho Bank and Tencent and shippers rallying on higher freight charges. Investors also held out hope of a possible de-escalation of the U.S.-China trade dispute. The Nikkei share average climbed 0.9 percent to 22,148.26 at the midday break after touching 22,176.98, the highest level since Nov. 12. The Japanese market took heart from a rise in U.S. shares overnight, with all three of Wall Street indexes reversing losses after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war. He also held open the possibility that
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