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Tokyo stocks open higher on trade hopes

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Investors closely monitoring Chinese and Japanese data for clues on global economy prospects. FMTNews Tokyo

TOKYO: Tokyo stocks opened higher on Monday, helped by rallies on Wall Street amid increasing optimism over the US-China trade talks.

US President Donald Trump on Friday said he had not agreed to roll back any import tariffs as part of a partial trade deal the two sides are negotiating. “On the backdrop of some progress in the US-China trade talks, optimism over the global economy is growing,” Shuji Hosoi, a senior strategist at Daiwa Securities based in Tokyo, said in a commentary.

Its bigger rival Toyota was down 0.27% at 7,883 yen, while Nissan was down 0.21% at 708.5 yen. Nissan is due to announce its first-half earnings report on Tuesday.

 

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