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TOKYO: Japan’s Nikkei share average snapped a four-day losing streak on Wednesday, as shares of companies seen involved in the country’s pledge to invest USD550 billion in US projects jumped.
The Nikkei rose 1.02 percent to close at 57,143.84. The broader Topix climbed 1.21 percent to 3,807.25.
US President Donald Trump’s administration on Tuesday announced three projects valued at USD36 billion to be financed by Japan, including an oil export facility in Texas, an industrial diamonds plant in Georgia, and a natural gas power plant in Ohio.
The projects are the first investments under Japan’s US investment pledge as part of a trade deal that cut tariffs on Japanese imports to 15 percent.