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Tokyo stocks rise from the bell as losing streak triggers buybacks

Xinhua, July 8, 2016 Adjust font size:

Tokyo stocks opened higher on Friday as investors piled into shares deemed oversold following the market's three-day losing streak triggered by Brexit concerns and a strong yen.

As of 9:15 a.m., the 225-issue Nikkei Stock Average added 75.17 points, or 0.49 percent, from Thursday to 15,351.41.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 5.21 points, or 0.42 percent, to 1,231.30.

Notable issues that advanced form the morning bell included miscellaneous product, transportation equipment and pharmaceutical-linked stocks. Endit