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Tokyo shares close higher on weak yen, hopes for tax hike delay

Xinhua, May 25, 2016 Adjust font size:

Tokyo shares closed higher Wednesday as firm U.S. data strengthened the dollar against the yen, and market confidence boosted with rising hopes for the delay of Japan's scheduled sales tax hike next year.

The 225-issue Nikkei Stock Average ended up 258.59 points, or 1.57 percent, from Tuesday at 16,757.35.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 16.38 points, or 1.23 percent, higher at 1,342.88.

Gainers were led by insurance, iron and steel, and information and communication issues.

The day's turnover was about 1,782.6 billion yen (around 16.22 billion U.S. dollars). Endit