market gauge: On Friday, it advanced 217.53 points. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 11.87 points, or 0.73 percent, higher at 1,627.59 after adding 8.06 points Friday, according to The Japan Times. Sentiment improved after The Wall Street Journal reported Sunday that U.S. President Donald Trump and Chinese President Xi Jinping will meet, probably around March 27, to ink a formal trade agreement. The key market gauge gained 219.35 points, or 1.02 percent, to end at 21,822.04, its best finish since Dec. 5. Higher U.S. equities on Friday and the dollar's advance against the yen also lifted sentiment, brokers said. But Miura said that investors may be too optimistic about the course of U.S.-China trade talks, citing the failure to reach an agreement at last week's summit between Trump and North Korean leader Kim Jong Un. Yutaka Miura, senior technical analyst at Mizuho Securities Co., attributed some of Monday's gains to a rise of over 100 points in U.S. Dow Jones Industrial Average futures in off-hours trading as well as the strength of Chinese stocks following the report about a potential trade deal between the world's two largest economies.
(news.financializer.com). As
reported in the news.
Tagged under market gauge, trade agreement topics.