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Tokyo stocks recover losses as yen retreats to close higher for 4th day

Xinhua, May 12, 2016 Adjust font size:

Tokyo stocks closed higher Thursday for the fourth straight day as the yen's eventual retreat against the U.S. dollar saw exporters bought back after being dumped earlier as the currency rose, with the market mood bleak following U.S. shares' decline overnight.

The 225-issue Nikkei Stock Average added 67.33 points, or 0.41 percent, from Wednesday to close at 16,646.34.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 2.97 points, or 0.22 percent, to finish the day at 1,337.27.

Notable gainers comprised textiles and apparels, and iron and steel as well as mining-linked stocks and the day's turnover was 2,171.3 billion yen (19.94 billion U.S. dollars). Endit