Japan Nikkei gains 0.7%

Headline indices of the Japan share market were higher on Friday, 02 November 2018, on the back of positive lead from Wall Street overnight and softer yen against the dollar. However, market gains capped amid losses in electronics components makers after Apple's conservative outlook. In late afternoon trades, the 225-issue Nikkei index inclined 149.50 points, or 0.7%, at 21,837.15. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 0.11 points, or 0.01%, to 1,632.16.

Shares of Apple suppliers lost ground, with Murata Manufacturing shedding 1.8% and Alps Electric falling 1.2% after Apple Inc warned that sales for the crucial holiday quarter would likely miss Wall Street expectations.

Among individual stocks, Suzuki Motor tumbled 4.6% after reporting its lowest quarterly operating profit in two years for July-September, as vehicle sales eased in China, Europe and India.

Nippon Sharyo shares locked 17% lower circuit after manufacturer of a train that derailed in Taiwan killing 18 people last month said it had discovered a design flaw that failed to alert the central control system that an automatic safety feature had been turned off.

CURRENCY NEWS: Japanese yen, widely viewed as a safe haven currency, depreciated in the upper 112 zone against greenback on Friday. The dollar was quoted at 112.73-74 yen compared 112.63-73 yen in New York and 112.89-91 yen on Wednesday in Tokyo. The euro, meanwhile, fetched 128.55-59 yen against 128.51-61 yen in New York and 128.23-27 yen in Thursday trade in Tokyo.

OFFSHORE MARKET: US stock market closed higher on Thursday as President Donald Trump said trade talks with China were moving along nicely, reviving hopes that the two countries can resolve their trade dispute.. The Dow Jones Industrial Average surged up 264.98 points or 1.1% to 25,380.74, the Nasdaq soared 128.16 points or 1.8% to 7,434.06 and the S&P 500 jumped 28.63 points or 1.1% to 2,740.37.

European markets ended mixed on Thursday. The German DAX Index rose by 0.2%, while the French CAC 40 Index and the U.K.'s FTSE 100 Index both dipped by 0.2%.

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