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Tokyo stocks close sharply higher on weak yen, fresh stimulus plans

Xinhua, July 12, 2016 Adjust font size:

Tokyo stocks made solid gains Tuesday as buying sentiment was bolstered by a weak yen, while hopes the government's moves to unleash fresh stimulus measures will help kickstart the nation's tepid economy underpinned the broader market.

The 225-issue Nikkei Stock Average gained 386.83 points, or 2.46 percent, from Monday to end the day at 16,095.65.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 29.94 points, or 2.38 percent, to finish at 1,285.73.

The majority of industry categories on the main section closed in positive territory, with miscellaneous product, financial and banking-linked issues leading notable advancers.

The day's turnover was 2,774.2 billion yen (26.90 billion U.S. dollars). Endit