World, As Seen from the most beautiful islands: Ireland and Cyprus

Nikkei drives hope for a trade deal


The stock exchange in Japan started the new trading week with a profit on Monday. Investors revived hopeful reports from the trade front between the United States and China. The two economic superpowers, according to the American trade representative Robert Lighthizer and Minister of Finance Steven Mnuchin, came closer together in the consultation on the first phase of a trade agreement.

The main index in Tokyo, the Nikkei 225, finished 0.3 percent in the plus at 22,867.27 points and reached the highest level in a year. The Japanese companies that are sensitive to the trade troubles were popular. The chip companies Sumco and Screen Holdings, for example, rose 5.3 and 3.1 percent respectively. Robotic maker Fanuc added 2.1 percent and car manufacturer Honda added x percent.

The stock market in Shanghai was 0.7 percent higher in the meantime and the Hang Seng index in Hong Kong climbed 0.9 percent. The British bank HSBC, which is also listed in Hong Kong, surrendered 2.6 percent after a sharp fall in profit in the third quarter. HSBC, which earns the majority of its money in the Greater China region, spoke of challenging circumstances.

The Kospi in Seoul rose 0.3 percent and the All Ordinaries in Sydney ended a fraction higher.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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