Nikkei buoyed by cyclical stocks; Nintendo jumps 16 pct [Reuters]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Reuters
Nikkei buoyed by cyclical stocks; Nintendo jumps 16 pct - Reuters 3 Min Read * Nikkei poised to post 3rd weekly gain * Nissan falls on report it will cut global production By Ayai Tomisawa TOKYO, April 19 (Reuters) - Japan’s Nikkei rose on Friday morning as Wall Street gains raised risk appetite and lifted cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China. The Nikkei share average advanced 0.6 percent to 22,223.41 at the midday break. For the week, the index has risen 1.6 percent, poised for a third week of gain. The U.S. market rose supported by robust economic data, while industrial stocks rallied after China’s commerce ministry spokesman said there had been new progress in U.S.-China trade talks. “The mood has recovered as the market has been able to confirm that a slowdown in the Chinese economy has hit the bottom and the U.S. and China are making progress in their trade talks as those were the market’s main concerns,” said Takas
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