* Nikkei ends up 2.12%, brushes highest level since Aug. 2
* Beijing, Washington to hold trade talks, boosts risk
sentiment
By Tomo Uetake
TOKYO, Sept 5 (Reuters) - Japanese shares closed at their
highest in more than a month on Thursday as investors cheered
the announcement that U.S.-China trade talks will resume and
news from Britain and Hong Kong that also improved risk
appetites.
The benchmark Nikkei average .N225 ended the day up 2.12%
at 21,085.94, the highest close since Aug. 2. During the day, it
touched 21,164.61, also a peak since Aug. 2.
On the Nikkei index, there were 207 advancers and 18
decliners.
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.
"There was a variety of positive factors for the market,
with the news of Sino-U.S. trade negotiations having a notably
big impact," said Hiroaki Kuramochi, chief market analyst at
Capital Partners Securities.
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 .IPRCS.T and sea transport .ISHIP.T the top two
performing subindexes on the broader Topix, up 3.73% and 3.72%,
respectively.
The broader Topix .TOPX added 1.84% to 1,534.46.
Other notable movers included the TSE REIT index .TREIT ,
edging up 0.44% to a fresh 12-year high.
Medical-related service provider M3 Inc 2413.T soared 10%
and baseball stadium operator Tokyo Dome Corp 9681.T fell 8.4%
after index provider Nikkei announced it will drop the latter
from the Nikkei 225 share average and replace it with the
former, from Oct 1.
Candidates that did not make the index list slipped.
Kakaku.com 2371.T , Zozo 3092.T and Nintendo 7974.T shed
5.4%, 1% and 1.5%, respectively.
Nissan Motor Co 7201.T gained 2% despite media reports
quoting its chief executive as admitting to improperly receiving
stock-related compensation, in the latest case of financial
misconduct among executives at Japan's second-largest automaker.
The stocks that gained the most among the top 30 core Topix
names were Hitachi Ltd 6501.T which gained 5.1%, followed by
Shin-Etsu Chemical Co's 4063.T 4.7% rise.
The underperformers among the Topix 30 were Nintendo Co
7974.T , which lost 1.5%, followed by Nippon Telegraph and
Telephone Corp 9432.T , 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.