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Tokyo shares close at one-month high on rising hopes for tax hike delay

Xinhua, May 27, 2016 Adjust font size:

Tokyo shares closed higher Friday, with the Nikkei index ending at a one-month high, as market was lifted by the growing expectations for the delay of consumption tax hike planned for next April.

The 225-issue Nikkei Stock Average ended up 62.38 points, or 0.37 percent, from Thursday at 16,834.84.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 7.06 points, or 0.53 percent, higher at 1,349.93.

Gainers were led by mining, insurance and nonferrous metal issues.

The day's turnover was about 1,660.0 billion yen (around 15.10 billion U.S. dollars). Endit