2018-11-27
 
Japanese stocks rose on Tuesday, boosted by a rally in the US market and a weaker yen supporting exporters, but fresh concerns over China-US trade tensions have limited gains.
 
The benchmark Nikkei <.N225> was up 0.64 percent at 21,952.40. The index peaked in two weeks and posted gains for the third session. The broader Topix index <.TOPX> was up 0.73 percent at 1,644.16 points.
 
Japanese equity gains were relatively modest compared to the US rally on Monday evening when the Dow rose 1.46 percent and the Nasdaq rose 2 percent.
 
"Because of US equity gains, Nikkei could have gone higher but selling pressure for profit is very strong," said Masahiro Ichikawa, chief analyst at Sumitomo Mitsui Asset Management. "The market will not find confidence until the US-China summit over the weekend."
 
In an interview with The Wall Street Journal, US President Donald Trump said he expected to push ahead with a $ 200 billion increase in tariffs on Chinese imports to 25 percent from 10 percent now.
 
Trump, who is scheduled to meet with Chinese President Xi Jinping on the sidelines of the G20 summit in Argentina early next week, said he would impose a fee on the rest of China's imports if the negotiations were unsuccessful.
 
Lin's share of the IM application rose 12.9 percent.
The stock jumped on reports that the company will partner with Tencent Holding to provide mobile payment services and that it will establish a bank with Mizuho Financial Group.
 
Technology shares were boosted by strong performance on Monday evening for their US counterparts. Tokyo Electron rose 1.8 percent and Advantest Corp rose 2 percent