Nikkei Gains 1.4%, Led by Electronics Stocks
Japanese stocks are higher as hopes for easing U.S.-China trade tensions continue. Electronics stocks are leading gains. Renesas Electronics is up 6.2% and Hitachi Ltd. is 4.1% higher. Nidec Corp. is up 12% after it projects a 19% rise in its fiscal-year net profit. USD/JPY is at 142.95, compared with 142.84 as of Thursday's Tokyo stock market close. Earnings are in focus, with Denso and Daiichi Sankyo scheduled to announce their results later in the day. The Nikkei Stock Average is up 1.4% at 35520.92.
Source: Bloomberg