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The Nikkei index surpasses the 50,000-point mark hours before Trump's visit to Japan.

Monday, October 27


Tokyo.- The main index of the Tokyo Stock Exchange, the Nikkei, rose 1.75% at the opening on Monday, surpassing the 50,000 point barrier for the first time, hours before the arrival in Japan of the President of the United States, Donald Trump , for a three-day visit.

After the first 10 minutes of trading, the Nikkei, which represents the 225 most representative stocks on the market, added 860.34 points, and was trading at 50,159.99 points, an intraday high.

The broader index Topix, which includes the companies in the main section, those with the largest capitalization, grew 1.46%, or 47.8 points, and stood at 3,317.25 units.

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The Tokyo stock market was boosted by the easing of trade tensions between the US and China, after delegations from both countries reached a"preliminary agreement" for a trade pact the day before following two days of negotiations in Kuala Lumpur.

In addition, several local media polls on Monday gave high levels of popular approval to the new government of conservative Sanae Takaichi, who made history last Tuesday by becoming the first woman to lead the Japanese government, boosting gains on the stock market.

The Japanese leader is scheduled to meet with Trump on Tuesday to discuss relations between Tokyo and Washington.

In a social media post on Saturday, the Japanese prime minister said she had a"good and candid" phone conversation with the American and stressed her determination to "elevate the Japan-U.S. alliance to even greater heights."

Gains were widespread among the country's major companies, with giants such as the automotive Toyota and the bank Mitsubishi UFJ growing 1.85 and 2.08%, respectively.

Semiconductor companies such as Tokyo Electron (1.52%) and Advantest (4.74%) also benefited from the good mood of investors.

In addition, the electronics and entertainment giant Sony Nintendo added 1.91%.

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