TOKYO, Aug 30 (Reuters) - Japanese stocks rallied on Friday on signs the United States and China might resume full-scale negotiations ahead of an approaching deadline for additional U.S. tariffs.
Chinese commerce ministry spokesman Gao Feng told reporters on Thursday that Beijing hopes Washington can cancel the planned tariff increase to avoid an escalation in the trade war. U.S. President Donald Trump said some discussions took place on Thursday, with more talks scheduled.
At 0119 GMT, the Tokyo’s benchmark Nikkei index was up 1.1% at 20,686.54, having lost a modest 0.09% on Thursday.
Shares linked to China gained on the hopeful signs for U.S.-China trade talks, which have waxed and waned over the past months and kept global markets on edge.
Hitachi Construction Machinery Co and Komatsu Ltd rallied 1.8% and 1.6%, respectively.
Robot maker Fanuc Corp jumped 3%, gaining the most among the top 30 names in the core Topix. Electrical equipment manufacturer Yaskawa Electric Corp advanced 3.8%.
Ryohin Keikaku Co, which operates the MUJI chain of household item stores with a heavy presence in China, climbed 1.6%.
There were 205 advancers on the Nikkei index against 17 decliners.
The broader Topix rose 0.99% to 1,504.97.
The underperformers among the Topix 30 were Seven & i Holdings Co , down 0.5%, followed by Mitsubishi Estate Co Ltd, which lost 0.3%. (Editing by Shri Navaratnam)