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Tokyo stocks advance as oil prices leap, weak yen lifts mood

Xinhua, September 29, 2016 Adjust font size:

Tokyo stocks closed sharply higher Thursday as oil prices surged following OPEC members agreeing to reduce production, while the yen's retreat against the U.S. dollar added to a jubilant market mood.

The 225-issue Nikkei Stock Average added 228.31 points, or 1.39 percent, from Wednesday to close the day at 16,693.71.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 12.48 points, or 0.94 percent, to finish at 1,343.25.

Notable gainers at the close of play comprised mining, iron and steel, and oil and coal product-linked issues.

The day's turnover was 1,878.9 billion yen (18.53 billion U.S. dollars). Endit