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Tokyo stocks rise sharply in early trade on weak yen, strong overseas bourses

Xinhua, July 12, 2016 Adjust font size:

Tokyo stocks extended gains from the bell on Tuesday as a comparatively weak yen, a strong showing on U.S. and European bourses, as well as hopes for the domestic economy following the government here saying it will compile a new stimulus package, contributed to an upbeat market mood.

As of 9:15 a.m., the 225-issue Nikkei Stock Average gained 364.74 points, or 2.32 percent, from Monday to 16,073.56.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 28.75 points, or 2.29 percent, to 1,284.54.

All industry categories on the main section advanced into positive territory. Endit