The Japanese Nikki Index – today, Thursday, recovered from the losses of the previous session, supported by the decline in the yen after the praise of US President Donald Trump in the first round of trade negotiations between Tokyo and Washington, which was closely followed up.
The index also witnessed a late ups in the support of the technology sector in the last hour for trading after Taiwan to manufacture semiconductors announced profits in the first quarter that exceeds the estimates of analysts.
The index, Nikki, rose 1.35% to close at 343,77.60 points today, Thursday, without the highest level registered in the session, with a slight difference, amid recovery from losses on Wednesday, which amounted to 1%.
The broader Topics index also provides 1.29%.
Positive negotiations
The chief Japanese negotiator, Economy Minister Riosi Akazawa, met with US Treasury Secretary Scott Besent and commercial actor Jameson Jarir
Yesterday, President Trump also participated in the meeting.
Speaking to reporters after the discussions that Trump praised the social media platforms as “great progress”, Akazawa said that Washington wanted to reach an agreement with Tokyo as a “maximum priority”.
He also revealed that the currencies were not among the considerations in the first round of negotiations, which led to the recovery of the dollar exchange rate against the yen
After declining earlier to its lowest level since last September.
The yen is generally given support for Japanese stocks, as it increases the value of the external revenues for exporters.
And last month, Trump has accused Tokyo of following a policy aimed at reducing the value of the yen, giving Japan an unfair trade advantage, according to his description.
https://www.youtube.com/watch?v=yscwrvbubo
Car companies shares
The shares of Mazda Motor and Sobarro, which depend heavily on the American market, jumped by 2.72% and 1.84%, respectively.
But Toyota, in contrast, has dismissed modest gains it had earlier to close unchanged.
The United States imposed 24%customs duties, but it was then suspended for 90 days, as is the case with most Trump fees.
While Washington is still applying comprehensive international fees of 10%, along with a fee of 25% on cars that constitute a major sector in the export -based Japan economy.
Chips sector shares
The shares that suffered from sale waves on Wednesday, including the shares of the chips, which obtained an additional batch of financial results, were re -purchased
Strong for Taiwan to manufacture semiconductors.
The share of Advannetst to manufacture chips test equipment, supplied to Invida, rose 3.5 % after stumbling 6.6 % in the previous session.
Oil and coal production sector
The oil and coal production sector recorded the best performance between 33 sectors on the Tokyo Stock Exchange, and the sector advanced 3.6% against the backdrop of high crude oil prices.
However, Jeffrez analysts have warned that Japanese stocks will have difficulty achieving more gains, amid Trump’s global trade wars,
Especially with the targeting of the Nikki 35500 indicator registration within 12 months.
“We expect mixed messages to lead to severe fluctuations in the near term and increase the state of blurring in the medium and long term,” analysts said in a report.
They added, “The disorders of the supply chain and the delays of capitalist spending may harm global growth in the short term, and it may have an impartial impact on Japan’s profits, due to the high operations fees,” they added.
