The Nikkei 225 index rose 0.2% to 37,600 while the broader Topix index gained 0.4% to 2,744 on Monday, with Japanese shares hitting a six-week high as the U.S. cited "substantial progress" in trade talks with China over the weekend in Switzerland. The U.S. highlighted efforts to reduce its trade deficit, while Chinese leaders confirmed a "significant consensus" had been reached. However, U.S. Commerce Secretary Howard Lutnick noted that the 10% base tariff on other countries is expected to remain in place "for the foreseeable future." Investors are also keeping an eye on ongoing trade talks between the U.S. and Japan, with Tokyo aiming to finalize a potential deal by June. Gains were led by major index constituents, including Kawasaki Heavy (up 3.9%), Disco Corp (2.5%), Fujikura (1.8%), Advantest (4%) and IHI Corp (1%). (Newsmaker23)
Source: Trading Economics
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