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Tokyo shares close higher on softer yen following Fed's upbeat outlook

Xinhua, August 22, 2016 Adjust font size:

Tokyo shares closed higher Monday as the yen depreciated against the U.S. dollar amid rising speculation that the U.S. Federal Reserve (Fed) might raise interest rates by year-end following upbeat assessment of the U.S. economy by Fed official.

The 225-issue Nikkei Stock Average ended up 52.37 points, or 0.32 percent, from Friday at 16,598.19.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 8.01 points, or 0.62 percent, higher at 1,303.68.

Gainers were led by miscellaneous product, land transportation and construction issues.

The day's turnover was about 1,627.8 billion yen (around 16.14 billion U.S. dollars). Endit