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Tokyo stocks close mixed as U.S. Fed rate hike bets recede, yen strengthens

Xinhua, September 13, 2016 Adjust font size:

Tokyo stocks closed mixed Tuesday as Wall Street's rise overnight on confirmed notions the U.S. Federal Reserve will not hike its interest rates imminently added support, while the yen's comparative strength inhibited buying.

The 225-issue Nikkei Stock Average added 56.12 points, or 0.34 percent, from Monday to end the day at 16,729.04.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, shed 0.11 points, or 0.01 percent, to close at 1,322.99.

Notable issues that advanced by the close of play included pharmaceutical and rubber product-related stocks, whereas issues that lost ground were led by insurance and marine transportation-linked stocks.

The day's turnover was 1,666.6 billion yen (16.38 billion U.S. dollars). Endit