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Tokyo stocks surge as yen eases, "Brexit" concerns abate

Xinhua, June 20, 2016 Adjust font size:

Tokyo stocks surged Monday as a softer yen inspired investors to snap up a broad range of issues while indicators suggesting Britain may remain in the European Union rather than leave at an upcoming referendum provided broader support for the market.

The 225-issue Nikkei Stock Average soared 365.64 points, or 2.34 percent, from Friday to finish the day at 15,965.30.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, jumped 28.36 points, or 2.27 percent, higher to end at 1,279.19.

All industry categories on the main section closed in positive territory, with marine transportation, mining as well as iron and steel-linked issues leading notable gainers.

The day's turnover was 1,907.4 billion yen (18.21 billion U.S. dollars). Endit