Japanese stocks jump, dollar firms on trade hopes; bitcoin soars

By Kevin Buckland

TOKYO (Reuters) - Japanese stocks jumped connected Friday, supported by the dollar's surge against the yen, aft a U.S. commercialized woody with Britain fuelled hopes of advancement successful tariff talks with different countries.

Bitcoin soared to the highest since January and U.S. crude ticked up aft a much than 3% surge connected Thursday, erstwhile President Donald Trump announced the statement with British Prime Minister Keir Starmer - the archetypal successful the period since Trump started a 90-day intermission connected commercialized tariffs to let country for negotiations.

At the aforesaid time, concerns that the constricted commercialized statement with London whitethorn not supply overmuch of a blueprint for further deals cooled optimism astir the result of Sino-U.S. commercialized talks acceptable for Saturday successful Switzerland.

Mainland bluish chips started the time 0.2% lower, portion Hong Kong's Hang Seng roseate 0.2%.

Japan's Nikkei and broader Topix each climbed astir 1.2%, with the Topix acceptable to widen its winning streak to an 11th session, the longest tally since October 2017.

Taiwan's equity benchmark precocious 1%, portion Australian stocks added 0.4%.

MSCI's broadest scale of Asia-Pacific shares extracurricular Japan was broadly flat.

"The woody betwixt the U.S. and UK was much benignant implicit substance," said Kyle Rodda, a elder fiscal markets expert astatine Capital.com.

"However, it feeds the communicative that the U.S. is looking to bang-out accelerated occurrence commercialized deals and trim tariffs - astatine the margins - and different commercialized barriers," Rodda said.

"Constructive connection and statements of intent volition apt beryllium capable to thrust stocks higher disconnected the backmost of the U.S.-China commercialized talks."

Trump pushed backmost against seeing the UK woody arsenic a template for different negotiations.

The "general terms" statement leaves successful spot a 10% tariff connected goods imported from the UK but lowers prohibitive U.S. duties connected UK car exports. Britain agreed to little its tariffs to 1.8% from 5.1% and supply greater entree to U.S. goods.

Last week, Trump said helium has "potential" commercialized deals with India, South Korea and Japan.

Nymex crude ticked up 0.2% to $60.02 per tube aboriginal connected Friday, gathering connected the erstwhile day's 3.2% surge. Brent crude added 0.3% to $63 per barrel, pursuing Thursday's 2.8% rally.

Safe-haven golden continued its slide, weakening 0.5% to astir 3,288 an ounce, aft dropping 3.6% successful the past 2 sessions.

The U.S. dollar index, which measures the currency against six large peers, edged up 0.1% to scope a one-month highest astatine 100.77.

The euro sagged to a one-month trough astatine $1.12105, and sterling slipped to a three-week debased of $1.32205.