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Nikkei ends higher on yen's retreat, hopes for Fed's rate hike kept in check

Xinhua, September 5, 2016 Adjust font size:

Tokyo stocks ended higher Monday as jobs data from the U.S. coming in below par at the end of last week saw expectations for a near-term rate hike by the U.S. Federal Reserve kept in check and the yen retreat versus the U.S. dollar.

The 225-issue Nikkei Stock Average gained 111.95 points, or 0.66 percent, from Friday to close at 17,037.63, 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, added 3.09 points, or 0.23 percent, to finish the day at 1,343.85.

Notable issues that gained by the close of play comprised marine transportation, electric power and gas, and mining issues.

The turnover at the end of the first trading day of the week was 1,740.0 billion yen (16.78 billion U.S. dollars). Enditem