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Tokyo stocks close higher on trade data, eased concerns over quake's costs

Xinhua, October 24, 2016 Adjust font size:

Tokyo stocks closed higher in choppy trade on Monday with a drop in U. S. shares last week initially dampening the market mood, but better-than-expected trade data and eased concerns about the financial costs of the Tottori earthquake restored some purchasing mettle.

The 225-issue Nikkei Stock Average added 49.83 points, or 0.29 percent, from Friday to close the day at 17,234.42.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, advanced 2.32 points, or 0.17 percent, to finish at 1,367.61.

Notable issues that ended in positive territory by the close of play comprised fishery, agriculture and forestry, as well as warehousing and harbor transportation service-linked stocks.

Advancing issues outpaced declining ones by 1,231 to 619 on the First Section and trading volume on the main section dropped to 1,407.13 million shares from Friday's volume of 1,827.50 million shares.

The day's turnover was 1,565.8 billion yen (15.07 billion U.S. dollars). Endit