Japanese stock market ends slightly higher

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The stock market in Japan ended slightly higher on Wednesday. Investors remained cautious while awaiting further developments regarding the price struggle between the United States and China. In addition, attention was paid to the bond markets where the interest rate on ten-year US government bonds again fell below the interest rate on the two-year government paper. This so-called reverse yield curve is seen as an important recession predictor.

The Nikkei in Tokyo finally closed 0.1 percent in the plus at 20,479.42 points. Japanese telecom companies in particular, which are seen as a defensive investment in times of economic downturn, were popular. NTT telecom concern climbed 2.6 percent and the KDDI and NTT Docomo mobile telephony providers added 2.5 and 1.9 percent. Cosmetic maker Shiseido thickes 2.1 percent.

The stock market degree meter in Shanghai was 0.2 percent lower in the meantime. In Hong Kong, the Hang Seng index was flat. The Kospi in Seoul rose 0.9 percent. Japan has officially removed South Korea from the list of beneficiary trading partners due to the diplomatic dispute between the two countries. The All Ordinaries in Sydney finished 0.5 percent in the plus.

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