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Tokyo stocks end higher on hopes Fed will further hike rates

Xinhua, February 8, 2016 Adjust font size:

Tokyo stocks erased earlier losses to close higher Monday on hopes the U.S. Federal Reserve may further hike its rates, following recent lackluster jobs data.

The 225-issue Nikkei Stock Average added 184.71 points, or 1.10 percent, from Friday to end the day at 17,004.30.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, closed 11.44 points, or 0.84 percent, higher at 1,380.41.

Notable gainers comprised pulp and paper, construction and information and communication-linked shares.

The day's turnover was 2,599.1 billion yen (22.14 billion U.S. dollars). Endit