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Japanese Stocks Eeke Out Gains, Defensives Sought
Wednesday, 28 August 2019 10:53 WIB | MARKET UPDATE |Japan TopixNikkei 255

Japanese shares posted modest gains on Wednesday, led by buying in defensives such as telecommunications and consumer-linked firms, though concerns about Sino-U.S. relations kept a lid on gains.

The Nikkei share average rose 0.15% to 20,487.22, drawing some support from higher Wall Street futures but still not far from seven-month lows of 20,111.76 touched earlier this month.

The broader Topix gained 0.11% to 1,491.31.

Financial markets have become weary of protracted trade talks between the United States and China and growing increasingly sceptical both sides will arrive at an amicable trade deal in the near term.

Source : Reuters

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