2018-10-30
TOKYO - The Nikkei stock average rose on Tuesday as investors bought cheap stocks and raised annual earnings forecasts, easing fears over trade disputes between the United States and China that pushed US stocks down.
 
The Nikkei <.N225> was up 1.5 percent at 21,457.29, its biggest gain since mid-August. The index opened lower in tracking Wall Street's impact, with major technology and Internet stocks falling sharply.
 
US stocks fell sharply after the Bloomberg news agency reported that the United States planned to charge an additional $ 257 billion in Chinese goods if talks between US President Donald Trump and Chinese President Xi Jinping failed to end the trade war.
 
Honda Motor rose 2 percent and Nissan Motor rose 1.5 percent. Mitsubishi UF Corp. G-Financial 2.3 percent and Mitsui Sumitomo Financial Group (2.2 percent).
 
The broader TOPIX index <.TOPX> was up 1.4 percent at 1,611.46.