Tokyo’s Nikkei index jumps despite trade war concerns

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AFP, Tokyo :
Tokyo stocks jumped more than 1.4 percent Tuesday to the highest level since early February, but investors braced for Beijing’s reaction after the US announced tariffs on another $200 billion in Chinese goods.
The benchmark Nikkei 225 index rose 1.41 percent or 325.87 points to close at 23,420.54, while the broader Topix index was up 1.81 percent, or 31.27 points, to 1,759.88.
The Nikkei index opened lower but quickly bounced back into the green, closing higher for the third straight session.
US President Donald Trump escalated the trade confrontation with China, hitting the country with tariffs starting next week on another $200 billion in imports.

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