Tokyo's main index closes just off the highs for the day
- Session high 21,568.40
- Session low 21,035.88
Japanese stocks push higher on the day buoyed by improved risk sentiment as markets see renewed hope of a trade resolution between US and China. That has helped to lift shares in the region as well as US equity futures and that is leading to gains seen so far.
I'm still a little iffy about the optimism here as it doesn't really suggest much to change the rhetoric ahead of Trump's meeting with Xi Jinping next month. Sentiment is still fragile and it won't take much before we see a return to risk aversion in the sessions to come. Just be wary of that for the time being.
