Nikkei Closes Higher, Hong Kong Stock Market Wins More Than 3 Percent

The Japanese stock exchange started the new month on Monday with a profit. The other stock market indicators in the Asian region also improved.


The Hong Kong stock exchange, in particular, showed substantial gains. Investors were relieved that US President Donald Trump left the trade deal with China intact in response to the introduction of the controversial Chinese security law in Hong Kong.

The main index in Tokyo, the Nikkei 225, ended 0.8 percent higher at 22,062.39 points.

On a macroeconomic level, figures from Jibun Bank showed that activity in the Japanese industry declined further in May compared to April and reached its lowest level since March 2009. The final industry figure was in line with an earlier estimate.

In Hong Kong, the Hang Seng index grew 3.5 percent in the meantime.

President Trump declared Friday to end the US relationship with the World Health Organization (WHO) but said nothing about the financial sanctions he held out to China for curtailing freedoms in Hong Kong.

Investors feared that Trump would breathe new life into the trade war with China with new import tariffs.

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