Japan Stocks end up ahead of Trump-Kim summit

Japan share market finished session higher on Monday, 11 June 2018, on the back of better than expected machinery order data. However, market gains were capped as investors opted not to make bold moves in the wake of the G-7 meeting, which ended with deepening tensions over U.S. tariffs and saw a dispute erupt between Trump and Prime Minister Justin Trudeau. Market sentiments were also soft ahead of key events including a historic US-North Korea summit and central bank meetings of major economies this week. Among TSE33 issues, electric power and gas, fishery agriculture and forestry, and food issues comprised those that gained the most, while marine transportation, mining, and securities house-linked issues led decliners. The 225-issue Nikkei Stock Average closed up 109.54 points, or 0.48%, to 22,804.04. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, shed 5.40 points, or 0.3% to 1,786.84.

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