Tokyo stocks close higher as trade, currency fears abate
Tokyo Stock Exchange
Tokyo - Xinhua
Tokyo stocks ended higher Monday as market jitters were eased following theconclusion of Japan's first summit with the U.S. since Donald Trump became the U.S. President.
Trump had previously showed vexation at Japan for its trade and currency policies and some market players had taken a wait-and-see approach towards the end of last week to see how ties between the two countries shaped up, local brokers said.
The 225-issue Nikkei Stock Average added 80.22 points, or 0.41 percent, from Friday to end the day at 19,459.15.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, advanced 7.64 points, or 0.49 percent, to close at 1,554.20.
Issues that notably closed in positive territory, included mining, oil and coal product, and nonferrous metal-linked stocks.
Trading volume on Monday totaled 1,880.56 million shares on the main section, down from Friday's volume of 2,066.04 million shares.
Advancing issues outpaced declining ones by 1,444 to 436 on the First Section and the turnover on the first trading day of the week was 2,268 billion yen (19.91 U.S. dollars).
source: Xinhua
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