BCN-07 Tokyo stocks rise as Renesas jumps on acquisition deal

ZCZC

BCN-07

STOCKS-MARKETS-JAPAN-CLOSE

Tokyo stocks rise as Renesas jumps on acquisition deal

TOKYO, Sept 11, 2018 (BSS/AFP) – Tokyo stocks gained on Tuesday despite
lingering worries about trade issues, as Japanese semiconductor firm Renesas
surged nearly 4.5 percent after announcing a deal to buy California-based
IDT.

The benchmark Nikkei 225 index rose 1.30 percent or 291.60 points to close
at 22,664.69, while the broader Topix index was up 0.67 percent or 11.30
points at 1,698.91.

BSS/AFP/MR/ 1220 hrs