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Tokyo stocks extend gains on gov't stimulus package plan, hopes for BOJ easing

Xinhua, July 27, 2016 Adjust font size:

Tokyo stocks extended gains Wednesday with the market mood lifted by the government's announcement of a hefty spending package that beat analysts' expectations, while a weaker yen and hopes for more easing from the central bank also underpinned the market.

The 225-issue Nikkei Stock Average gained 281.78 points, or 1.72 percent, from Tuesday to end the day at 16,664.82.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 14.73 points, or 1.13 percent, to finish at 1,321.67.

Notable gainers comprised chemicals, transportation equipment and nonferrous metal-linked stocks.

The day's turnover was 2,534.3 billion yen (23.98 billion U.S. dollars). Endit