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Tokyo stocks close higher as yen's retreat lifts mood, Britain's GDP data adds support

Xinhua, October 28, 2016 Adjust font size:

Tokyo stocks closed higher Friday as investor sentiment remained upbeat as a comparatively weak yen against the U.S. dollar on hopes the U.S. Federal Reserve will hike its rates in December supported buying.

A better-than-expected British GDP data also added to a buoyant mood.

The 225-issue Nikkei Stock Average added 109.99 points, or 0.63 percent, from Thursday to close the day at 17,446.41.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 10.40 points, or 0.75 percent, to finish at 1,392.41.

Notable issues that closed in positive territory comprised securities, insurance and other financial stock-linked shares and the day's turnover on the last trading day of the week was 3,133.0 billion yen (29.74 billion U.S. dollars). Endit