Japanese shares were boosted after Beijing said China and the United States agreed to hold trade talks in Washington in early October. The market was already on a solid footing after Hong Kong leader Carrie Lam on Wednesday withdrew an extradition bill that triggered months of sometimes violent protests and as British lawmakers voted to prevent a no-deal Brexit on Oct. 31. All of the Tokyo Stock Exchange's 33 subsectors were in positive territory as the market attracted hefty purchases across the board.
Cyclical sectors were particularly in demand, with precision machinery and sea transport the top two performing subindexes on the broader Topix, up 3.73% and 3.72%, respectively. The broader Topix added 1.84% to 1,534.46.Other notable movers included the TSE REIT index, edging up 0.44% to a fresh 12-year high.
The underperformers among the Topix 30 were Nintendo Co, which lost 1.5%, followed by Nippon Telegraph and Telephone Corp, which declined 0.8%. The volume of shares traded on Topix was 1.35 billion, compared to the average 1.1 billion yen in the past 30 days.