Nikkei Hits 40,000 Level as Trade Hopes Fuel Japan’s Stock Rally

Japanese shares rose for a fourth day, with the Nikkei 225 Stock Average closing above 40,000 for the first time since January, on trade optimism after the US and China signed a deal and the White House hinted Donald Trump may relax his July tariff deadline.

The broader Topix Index rose 1.3% to 2,840.54 as of market close in Tokyo, with the blue-chip Nikkei climbing 1.4% to 40,150.79.