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Tokyo stocks close higher, gains capped on concerns ECB may wind down easing measures

Xinhua, October 5, 2016 Adjust font size:

Tokyo stocks closed higher Wednesday as the yens retreat against the U.S. dollar supported the buying of exporter-linked issues, although broader gains were capped by concerns the European Central Bank may wind down its monetary easing.

The 225-issue Nikkei Stock Average gained 83.59 points, or 0.50 percent, from Tuesday to close the day at a near one-month high at 16,819.24.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 7.60 points, or 0.57 percent, to end the day at 1,347.81.

Notable issues that advanced by the close of play Wednesday comprised insurance, rubber product and transportation-linked stocks and on the First Section, advancing issues outpaced declining ones 1,197 to 643.

On the main section 1,720.75 million shares changed hands, up from Tuesday's volume of 1,562.82 million shares, and the days turnover was 1,887.8 billion yen (18.34 billion U.S. dollars). Endit