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Japanese Market Modestly Higher

(RTTNews) - The Japanese stock market is modestly higher on Monday and the safe-haven yen weakened following the positive cues from Wall Street Friday amid optimism that the U.S. and China have made progress toward finalizing a "phase one" trade deal.

The benchmark Nikkei 225 Index is adding 54.02 points or 0.24 percent to 22,853.83, after rising to a high of 22,891.62 earlier. Japanese stocks closed at a fresh one-year high on Friday.

In the tech space, Tokyo Electron is gaining more than 2 percent and Advantest is adding more than 1 percent. Among auto stocks, Honda Motor is rising almost 1 percent and Toyota Motor is up 0.2 percent.

The major exporters are mixed despite a weaker safe-haven yen. Sony is rising more than 1 percent and Panasonic is adding almost 1 percent, while Mitsubishi Electric is losing almost 1 percent and Canon is down 0.2 percent.

Market heavyweight SoftBank Group is adding 0.3 percent, while Fast Retailing is lower by 0.2 percent.
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