Japanese stocks rise to 1-1/2-week high; Seven & I shines [Reuters]
SEVEN & I HLDGS UNSP/ADR (SVNDY)
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Source: Reuters
Japanese stocks rise to 1-1/2-week high; Seven & I shines - Reuters 2 Min Read SYDNEY, Oct 11 (Reuters) - The Nikkei’s benchmark index struck its highest in over a week on Friday as the safe-haven yen eased on hopes of progress in U.S.-China trade talks, and Seven & I Holdings, Japan’s largest convenience store operator, gained sharply on restructuring plans. The Nikkei average gained 0.9% to 21,741.70 in midmorning trade, its highest level since Oct. 2. For the week, it was up 1.6% and was on track to post its first gain in three weeks. The broader Topix added 0.5% to 1,589.14, also marking its highest since Oct. 2. Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday, as business groups expressed optimism the two sides might be able to de-escalate a trade war and delay a U.S. tariff hike scheduled for next week. U.S. President Donald Trump told reporters that his team had a “very, very good negotiation” with China, and reiterated
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- Japan's Seven & i says it is considering sale of superstore operations [Reuters]Reuters