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* Nikkei gets a quick boost after the jump in Hong Kong stocks
* Prospects turbulence with the eyes on the trade, Fed
* Actions related to domestic demand shine
By Hideyuki Sano
TOKYO, June 17 (Reuters) – Japanese stock prices rose on Monday, erasing their initial losses, after Hong Kong stocks rose after the Hong Kong leader indefinitely postponed an unpopular project of extopition. allowing citizens to be sent to Mainland China for judgment.
Nevertheless, uncertainties about the global economy, trade frictions between the US and China, and US Federal Reserve policy have left many investors on the sidelines.
The Japanese average Nikkei share rose 0.11% to 21,140, but the broader Topix lost 0.24% to 1,543.06.
The market had a brief boost after the opening of the Hong Kong Hang Seng Index after the country's leader Carrie Lam fell on the extradition bill over the weekend.
"Last week, the question seemed to want to become another thorny point between the United States and China. With the bill being adjourned indefinitely, the situation will probably calm down, which will benefit the markets, "said Hiroyuki Ueno, senior strategist at Sumitomo Mitsui Trust Asset Management.
Overall, however, the market has been lacking attention as investors do not know how the US and China could resolve their tariff and technology disputes.
It was also unclear whether US President Donald Trump and Chinese leader Xi Jinping would meet on the sidelines of a Group of 20 summit in Osaka next week.
"By the time you declare that the two will not meet in Osaka, the Nikkei could lose 500 points. Investors would like to increase the cash ratio as much as possible, "said Fujio Ando, an advisor to Chibagin Securities.
The weak industrial output data from China on Friday added evidence that economic disputes between the world's two largest economies are weighing heavily on global growth.
Most investors now expect the US Federal Reserve to drop hints of future rate cuts when its policymakers meet later this week.
Investors rushed to the stocks of companies that meet domestic demand and have low exposure to the global economy.
Morinaga Milk jumped 11.9%, thanks to the modernization of the brokerage service, while the Internet and e-commerce company Rakuten climbed 3.4% to reach its highest level in 20 months.
Semiconductor shares were discontinued: Keyence lost 1.3% and Shin-Estu Chemical 1.2%.
Japan Display lost up to 10.5% after the distressed display manufacturer announced that it had been informed by TPK Holding Co Ltd that the Taiwanese flat panel manufacturer had decided not to invest in the company. 39; company. (Edited by Simon Cameron-Moore)
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