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Tokyo stocks gain in morning on softer yen, speculation for tax hike delay

Xinhua, May 16, 2016 Adjust font size:

Tokyo stocks gained Monday morning as investor confidence was boosted by a slightly softer yen against the U.S. dollar which help lift exporter issues, while some investors surmising a planned tax hike might be delayed also buoyed the mood.

The 225-issue Nikkei Stock Average rose 170.83 points, or 1.04 percent, from Friday to 16,583.04.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 9.18 points, or 0.70 percent, to 1,329.37.

Notable gainers by the morning break comprised metal, machinery and iron and steel-linked stocks. Enditem