Source Pravda.Ru

Japanese stocks rose Wednesday

Japanese stocks rose Wednesday morning as traders bought auto and other exporter issues that benefit from the stronger dollar, which climbed to two-month highs against the yen.

The Nikkei 225 index rose 49.95 points, or 0.38 percent, at 13,359.99 points on the Tokyo Stock Exchange to end the morning session. The index declined 0.62 percent Tuesday.

The broader TOPIX, which includes all issues on the exchange's first section, was up 15.05 points, or 1.09 percent, to 1,391.75 points. A stronger dollar helps Japanese exporters by boosting the value of their overseas profits when converted back into yen, informs the AP.

In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.

China Warns Against Travel to US and Canada