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Tokyo stocks end higher over Fed rate hike expectations, BOJ easing

Xinhua, August 31, 2016 Adjust font size:

Tokyo stocks closed higher Wednesday as investor sentiment was buoyed by U.S. Federal Reserve officials suggesting a rate hike could happen in the near future, with hopes also high that the central bank here will expand its easing policy next month.

The 225-issue Nikkei Stock Average added 162.04 points, or 0.97 percent, from Tuesday to end the day at near three-week high at 16,887.40.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 16.73 points, or 1.27 percent, to close at 1,329.54.

Notable issues that advanced by the close of play comprised bank, electric power and gas, and securities-linked stocks.

The day's turnover was 2,204.5 billion yen (21.35 billion U.S. dollars). Endit