Nikkei rises after trade war worries ease; tech shares surge

From Reuters - March 26, 2018

TOKYO, March 27 (Reuters) - Japans Nikkei share average rose on Tuesday morning as worries about a trade war eased on optimism that the United States and China could begin negotiations, helping trade-exposed sectors such as chip manufacturers.

The Nikkei surged 1.8 percent to 21,128.90 in midmorning trade.

Tech stocks outperformed, with semiconductor equipment makers Tokyo Electron soaring 3.8 percent and Advantest Corp jumping 5 percent, respectively. Silicon maker Sumco surged 4.1 percent.

Japanese stocks, particularly the tech sector, were battered last week after U.S. President Donald Trump decided to impose tariffs on Chinese goods.

Chinese Premier Li Keqiang said on Monday it and the United States should maintain negotiations, reiterating pledges to ease access for American businesses.


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