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Tokyo stocks break losing streak on oil price rise, hopes for fresh ECB stimulus

Xinhua, March 10, 2016 Adjust font size:

Tokyo stocks broke a four-day losing streak to close higher Thursday, as a rise in oil prices sent U.S. shares higher overnight and the yen's retreat coupled with hopes the European Central Bank will unroll more stimulus measures, lifted the market mood.

The 225-issue Nikkei Stock Average added 210.15 points, or 1.26 percent, from Wednesday to finish the day at 16,852.35.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 19.84 points, or 1.49 percent, to close at 1,352.17.

The majority of industry categories on the main section closed in positive territory, with pulp and paper, rubber product and textile-linked shares comprising notable advancers by the close.

The day's turnover was 2,043.1 billion yen (17.96 billion yen). Endit