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Tokyo stocks close higher as yen softens, gains capped ahead of G7 meeting

Xinhua, May 20, 2016 Adjust font size:

Tokyo stocks closed higher Friday as investor sentiment was buoyed by the yen's retreat against the U.S. dollar which sent exporters higher, but buying was capped as some players opted for the sidelines ahead of the Group of Seven finance chiefs' two-day meeting kicking off later today.

The 225-issue Nikkei Stock Average added 89.69 points, or 0.54 percent, from Thursday to close at a near-three-week high at 16,736.35.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, finished 6.84 points, or 0.51 percent, higher at 1,343.40.

Notable advancers at the close of play comprised fishery, agriculture and forestry issues, as well as textiles and apparel-linked stocks.

The turnover on the last trading day of the week was 1,883.1 billion yen (17.11 billion U.S. dollars). Endit