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Tokyo stocks advance in morning as weaker yen bolsters sentiment

Xinhua, September 5, 2016 Adjust font size:

Tokyo stocks advanced Monday morning as key jobs data from the U.S. missing market expectations at the end of last week doused hopes for a near-term rate hike and saw the yen weaken versus the U.S. dollar which in turn spurred buying here.

The 225-issue Nikkei Stock Average added 214.12 points, or 1.27 percent, from Friday to 17,139.80, marking the index's first rise above the 17,000 line in almost three months.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 13.47 points, or 1.0 percent, to 1,354.23.

With the exception of miscellaneous product and food issues, on the main section, all industry categories advanced into positive territory by the morning break, with marine transportation, mining and insurance issues leading notable gainers. Enditem