TOKYO, May 13 (Xinhua) -- Tokyo stocks continued to rise on Tuesday as the U.S. and China had agreed to mutually reduce additional tariffs, easing investor concerns over prolonged trade tensions.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 38,183.26, up 539.00 points, or 1.43 percent from the previous trading day.
Following a two-day China-U.S. high-level meeting on economic and trade affairs in Geneva, China and the United States announced Monday a series of tariff modification measures aimed at easing trade tensions between the world's two largest economies.
The move helped global stock markets rebound, with Japanese markets seeing strong buying in major stocks such as Toyota and Mitsubishi UFJ, particularly within the TOPIX Core 30 index, which attracted significant foreign investment.
Shares in China-related manufacturers like Yaskawa Electric and Fanuc surged.
The broader TOPIX index rose for the 13th straight day, its longest streak since August 2009, gaining 30.06 points, or 1.1 percent to 2,772.14.
Among listed issues on the Tokyo Stock Exchange Prime Market, gainers numbered 734, while 849 stocks declined, and 50 remained unchanged. ■