Japan shares rise as calming Middle East woes shift focus to trade deal [Reuters]
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Source: Reuters
Japan shares rise as calming Middle East woes shift focus to trade deal TOKYO, Jan 10 (Reuters) - Japanese shares rose on Friday, as demand for riskier assets increased buoyed by de-escalation of tensions in the Middle East and hopes that the Phase 1 U.S.-China trade agreement will boost corporate earnings. By 0148 GMT the benchmark Nikkei index was up 0.16% at 23,777.03 points. The index was on course for a 0.5% gain this week, which was full of volatility after an Iranian missile strike on U.S.-led forces in Iraq on Wednesday rippled through global financial markets. The attack initially sparked fears of a wider conflict over the U.S. killing of a prominent Iranian general last week. However, global equity markets quickly stabilised after both the United States and Iran signalled they want to avoid a full-blown war. The market focus is now on the signing of a Phase 1 trade deal between the United States and China scheduled for Jan. 15 to defuse a months-long trade war, which would r
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