Japan Nikkei extends gain on upbeat lead, weaker yen

The Japan share market finished session higher for the third day on Thursday, 06 February 2020, as investors risk sentiments lifted by U.S. shares advancing overnight on better-than-expected jobs data and positive developments on the U.S.-China trade front. All 33 industry category of Topix index advanced into positive territory, with transportation equipment, insurance, and oil and coal product-oriented issues being notable gainers. At closing bell, the 225-issue Nikkei Stock Average advanced 554.03 points, or 2.38%, to 23,87359, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange grew 35.15 points, or 2.07%, at 1,736.98.

Investor sentiment was bolstered after the China Ministry of Finance said on Thursday it would halve tariffs on hundreds of U.S. imports from 14 feb 2020, which could help improve negotiating conditions for a second phase of a trade accord after the two countries signed off on an interim deal last month..

CURRENCY NEWS: The Japanese yen, often viewed as a safe-haven currency in times of economic uncertainty, little softer against a basket of currencies. The Japanese yen traded at 109.88 per dollar after weakening from levels below 109.5 yesterday.

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