The Japanese Stock Exchange Ended Slightly Higher on Tuesday

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The Japanese stock exchange ended slightly higher on Tuesday after a troubled trading session.

 

Investors eventually drew up to assure US President Donald Trump that the trade deal with China is “fully intact”.

Peter Navarro, a Trump trade advisor, confused the deal earlier in the day after he appeared to suggest to Fox News that the trade deal was off the table.

The leading Nikkei in Tokyo closed with a profit of 0.5 percent at 22,549.05 points and thus eliminated an earlier price loss. Oriental Land climbed 3.2 percent. The operator of Tokyo Disneyland and DisneySea will open its theme parks again in July. SoftBank fell 0.3 percent.

The Japanese telecom group announced that it would sell more than $ 21 billion in shares in the American mobile telecom provider T-Mobile US to buy back its own shares and reduce its debt.

On a macroeconomic level, figures from Jibun Bank and research firm Markit showed that activity in the Japanese industry shrank slightly more in June than in May. The contraction of the services sector in Japan clearly weakened this month.

The other stock market indicators in the Asian region showed small price results. The main index in Shanghai was almost flat in the meantime, and the Hang Seng index in Hong Kong increased by 0.8 percent. The Kospi in Seoul gained 0.6 percent, and the All Ordinaries in Sydney fell 0.1 percent.

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