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Tokyo stocks close higher on ECB's bold stimulus moves

Xinhua, March 11, 2016 Adjust font size:

Tokyo stocks closed higher Friday as initial concerns over the European Central Bank (ECB) opting not to further cut its interest rate were outweighed by the size of its fresh asset-buying program.

The 225-issue Nikkei Stock Average gained 86.52 points, or 0.51 percent, from Thursday to finish the day at 16,938.87.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, closed 7.15 points, or 0.53 percent, higher at 1,359.32.

Notable advancers on the last trading day of the week comprised banking, iron and steel, and construction-linked shares and the day's turnover was 3,088.3 billion yen (27.20 billion U.S. dollars). Endit