Tokyo stocks end higher as Trump effect sends Dow to record high overnight

Tokyo stocks ended higher Friday following the Dow Jones Industrial Average closing at a record high overnight, which in turn lifted the market mood here and again propelled investors towards riskier assets.

Brokers here said that the Dow closed at a record high on hopes that a Trump presidency could usher in a new era of economic growth for the U.S., although others were more circumspect, suggesting that the future course of U.S. politics and economics remained very much unknown.

The 225-issue Nikkei Stock Average added 30.37 points, or 0.18 percent, from Thursday to end the day at 17,374.79, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange gained 1.93 points, or 0.14 percent, to finish at 1,378.28.

Notable issues that closed in positive territory included banking and nonferrous metal-linked stocks but declining issues outpaced advancing ones by 1,115 to 784 on the First Section.

Trading volume on the main section, meanwhile, totaled 3.39 billion shares up from Thursday's volume of 3.20 billion shares and the day's turnover was 3,615.0 billion yen (33.94 billion U.S. dollars). Enditem