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Tokyo stocks rally in morning on weak yen, hopes for fresh gov't stimulus

Xinhua, July 12, 2016 Adjust font size:

Tokyo stocks rallied on Tuesday morning as investor sentiment was lifted by the yen's retreat and hopes the government's compilation of a fresh stimulus package will be sizable enough to help kickstart the economy.

The 225-issue Nikkei Stock Average added 415.54 points, or 2.65 percent, from Monday to 16,124.36.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 32.53 points, or 2.59 percent, to 1,288.32.

All industry categories on the main section advanced into positive territory, with notable winners by the morning break comprising securities, financial services and banking-linked issues. Endit