The Tokyo Stock Exchange rises thanks to the fall of the yen; Shanghai increases by 2%

TOKYO.- Shares in Asia rallied on Thursday as Chinese markets led the rebound after the recent shock of strong trade tensions between the United States and its trading partners.

Traders took the stand of nervousness after US President Donald Trump threatened to impose tariffs on $ 200 billion of Chinese goods, which compounded the trade dispute between the two most major economies of the world.

The Shanghai Stock Exchange finished up 2.16% after losing 1.8% on Wednesday. The CSI300 main stock index rose 2.2%, after falling 1.7% during the session.

Rebadessments in the hardware and technology equipment, technology, software and computer services sectors pushed the indexes up.

While the Chinese yuan has rallied against the dollar after the central bank has set its weakest forecast for the currency in almost a year.

The yuan was trading at 6.67 for a dollar, slightly higher than at the end of Wednesday.

For its part, the Japanese stock index Nikkei r ecrued on Thursday, as a decline in the yen offered a temporary respite to the concern generated by the trade war between the United States and China.

The Nikkei rose 1.17% to 22 thousand 187.96 units, while the broader Topix index rose 0.5% to 1,709.68 units.

On the foreign exchange market, the dollar was trading around 112.38 against the yen, its highest level since January.

The Hong Kong stock market ended up gaining 0.6% and% and its Hang Seng benchmark was in 28 thousand 480.83 units.

The Seoul Stock Exchange, with its Kospi index, won at closing 0.19 percent, up to 2 thousand 285.06 units; while the Singapore Straits Times rose 0.12 percent to 3 thousand 253.01 units.

With information from Reuters and Notimex.