Tokyo's main index closes higher on the day
- Session high 23,481.53
- Session low 23,039.26
There's a hint of a technical breakaway in Japanese stocks today and that is outweighing the escalating trade rhetoric landscape between US and China. The Nikkei is moving away from the 23,000 handle in a solid upwards move - much like it did back in January - and that is reflecting the more solid economic data we have seen from Japan this year.
But sentiment in the Nikkei is also boosted by the fact that risk assets are seeing a recovery following an initial dip on the US tariffs announcement. The Shanghai Composite is trading at the highs for the day now, up 1.2% after being down by about 0.5% earlier. Meanwhile, the Hang Seng index has also pared earlier losses and is now flat on the day.
