Tokyo stock market hits new record high

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Tokyo stock market hits new record high
Photo: Hiro Komae/AP/TT

Down in China – up in Japan. The leading stock markets in Asia are heading in different directions after Thursday's US-China summit.

US President Donald Trump met with his Chinese counterpart Xi Jinping on Thursday night Swedish time.

Trading on Friday – the day after the presidents’ meeting – was dominated by declines in China. At lunchtime, both the Shenzhen and Shanghai composite indexes were down around 0.6 percent. The Hong Kong-based Hang Seng was down 0.9 percent at the same time.

Meanwhile, the Tokyo stock market continues to rise. In recent weeks, new record levels have been recorded every other week on the Japanese Nikkei 225. On Friday, the index increased further, and was up a full 1.7 percent in the middle of the trading day.

However, automotive giant Nissan went against the grain, falling by about 5 percent.

South Korea's Kospi is also doing well on Friday and is up 0.6 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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