Japanese equities saw profits today. The Topic index was higher by more than 1.90% in midday trade while the popular Nikkei 225 went up more than 2%. Today Asia stocks, in general, moved upwards with shares of automakers in South Korea, China and Japan, going higher due to data news that China is considering to cut taxes on automobiles manufactured in the United States to 15% from the actual 40%. After the news, the stocks of Automobile manufacturers jumped. Mitsubishi Motors surged more 2.70%, Yamaha Motors rose 4.30%, while Toyota inched up 2.24%.
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Daily Analysis - 12/12/2018