Japanese Shares Rise as US-China Trade Talks Begin in London
Japanese shares ended higher on Tuesday as the US and China began talks in London to ease trade tensions between the world's two largest economies.
The Nikkei 225 rose 0.32%, or 122.94 points, to end at 38,211.51.
US-China trade talks were set to resume in London on Tuesday as officials aim to ease tensions that have widened from tariffs to rare earths, threatening global supply chains.
The US is pushing to revive a Geneva truce and for China to resume rare earth shipments. President Donald Trump said the talks were going well, while adviser Kevin Hassett said export controls should be eased immediately.
On the corporate front, Elliott Investment Management will oppose Sumitomo Realty's management at the 2025 AGM unless it improves governance and boosts returns, it said Tuesday.
The fund, holding over 3%, urged a 50% payout ratio, lower cross-shareholdings, a 10% ROE target, and more independent directors.
Sanoh Industrial will acquire Winkelmann Powertrain México by June 30 in a deal with its Mexican unit. The move supports its internal combustion engine strategy and expands its US customer base.
Japan Property Management Center said managed units fell by 209 in May to 107,956. The company received 686 new unit applications in the same montht.
Source : MT Newswires
