Japanese Market Pares Gains

(RTTNews) - The Japanese stock market pared initial gains and is modestly higher on Thursday after U.S. stocks closed mostly higher overnight following the signing of the long-awaited trade deal between the U.S. and China. Upbeat Japanese core machinery order data failed to boost sentiment.

The benchmark Nikkei 225 Index is adding 8.29 points or 0.03 percent to 23,924.87, after touching a high of 23,975.38 in early trades. Japanese stocks closed lower on Wednesday.

Market heavyweight SoftBank Group Corp. is declining 0.6 percent, while Fast Retailing is advancing more than 1 percent.

Among tech stocks, Advantest is lower by 0.6 percent and Tokyo Electron is down 0.5 percent.

The major exporters are mixed on a stronger yen. Sony and Panasonic are rising more than 1 percent each, while Mitsubishi Electric is declining 0.2 percent and Canon is edging down 0.1 percent.
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