Nikkei higher after lighter from China

The stock exchange in Japan is closed higher on Thursday. Better than expected Chinese export figures also supported trade. The other fairs in the Asian region showed a mixed picture.

The leading Nikkei in Tokyo eventually ended with a gain of 0.9 percent at 28,698.26 points. It was the fifth win in a row. The Japanese chip companies in particular were in demand following Intel‘s strong price gain on Wall Street. The large American chipmaker expects performance to be higher than expected in the coming quarters. Other major technology companies also did good business thanks to better than expected Japanese machine orders.

In Shanghai, investors gained some profit after the recent advance and the main index was 0.4 percent lower in the interim, despite better than expected Chinese trade figures. China’s exports increased by 18.1 percent in December and imports increased by 6.5 percent. The strong figures underline the continued recovery of the Chinese economy from the coronacrisis.

The Hang Seng Index in Hong Kong won 0.7 percent. The Chinese webshop group Alibaba and Internet company Tencent increased more than 4% in Hong Kong, after reports that the Trump government will not blacklist the companies anyway. Earlier reports reported that Alibaba and Tencent would be blacklisted due to too close ties with the Chinese army. The Amsterdam listed tech investor Prosus has a major interest in Tencent.