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Tokyo shares close higher on expectation of stimulus, monetary easing

Xinhua, July 13, 2016 Adjust font size:

Tokyo shares closed higher Wednesday for a third straight day, reaching a roughly one-month high, due to market expectation of fiscal stimulus measures taken by the government and of new monetary easing by the Bank of Japan.

The 225-issue Nikkei Stock Average ended up 135.78 points, or 0.84 percent, from Tuesday at 16,231.43.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 14.53 points, or 1.13 percent, higher at 1,300.26.

Gainers were led by bank, mining and transportation issues.

The day's turnover was about 2,891.6 billion yen (around 27.72 billion U.S. dollars). Endit