Tokyo stocks reverse earlier losses ending higher

Tokyo stocks reversed earlier losses and closed higher on Tuesday as concerns about slumping oil prices abated and China's latest economic data met market expectations and had been largely factored in.

The 225-issue Nikkei Stock Average finished 92.8 points, or 0.55 percent higher, from Monday at 17,048.37.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, closed the day up 2.48 points, or 0.18 percent, at 1,390.41.

Local brokers said that initial jitters ahead of the release of China's growth data settled as the figures for the world's second-largest economy were largely in line with median analysts' expectations.

They added that relief following the release of the latest GDP data prompted a buyback of shares that had been oversold recently, erasing earlier losses and leading to the market closing in positive territory for the first time in four days.

At the close of trading, notable advancers comprised miscellaneous products, iron and steel, and marine transportation-linked shares.

The day's turnover was 2,193.2 billion yen (18.65 billion U.S. dollars). Enditem