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Tokyo stocks close higher as "Brexit" fears subside, yen retreats

Xinhua, June 29, 2016 Adjust font size:

Tokyo stocks closed higher Wednesday, with the benchmark Nikkei stock index closing in positive territory for the third consecutive day.

The yen's retreat against the U.S. dollar bolstered investor sentiment and abating concerns about "Brexit" underpinned an upbeat market mood, local brokers said.

The 225-issue Nikkei Stock Average gained 243.69 points, or 1.59 percent, from Tuesday to end the day at 15,566.83.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, closed the day 23.07 points, or 1.88 percent, higher at 1,247.69.

Notable gainers at the close of play comprised insurance, iron and steel as well as electric appliance-linked stocks.

The day's turnover was 2,206.0 billion yen (21.57 billion U.S. dollars). Endit