Nikkei Index Closes At 2019 High

Nikkei index closes at 2019 high

Japan's Nikkei Stock Average closed at a new high for the year on Tuesday on expectations for progress in US-China trade talks.

The Tokyo Stock Exchange got off to a strong start after the Dow Jones Industrial Average in New York shot to a record high overnight.

The Nikkei index of 225 selected issues ended at 23,251, up 401 points from Friday's close. It was the first time since October 2018 that the index topped 23,000. Japanese markets were closed on Monday for a national holiday.

The broader TOPIX was up 27 points to 1,694, also the highest of the year.

Market participants say investor worries eased slightly on news that Washington is considering withdrawing some punitive tariffs on Chinese products. They say auto company shares benefited, along with those of other exporters.

They add that many investors remain cautious, however, given the twists and turns in the US-China trade talks so far.