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Tokyo stocks close higher as weaker yen lifts exporters, solid earnings underpins market

Xinhua, February 1, 2017 Adjust font size:

Tokyo stocks swung out of negative territory to close higher Wednesday, as the yen weakening against the U.S. dollar gave exporters some breathing room, while firms announcing robust domestic earnings found their stocks in demand.

The 225-issue Nikkei Stock Average gained 106.74 points, or 0.56 percent, from Tuesday to end the day at 19,148.08.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 6.10 points, or 0.40 percent, to finish the day at 1,527.77.

Notable issues that ended in positive territory at the close of play Wednesday comprised iron and steel, and electric power and gas issues, and overall, advancing issues outpaced declining ones by 1,162 to 694.

Trading volume on the main section on Wednesday came to 2,032.17 million shares, up from Tuesday's volume of from 1,997.46 million shares and the day's turnover was 2,528 billion yen (22.32 billion U.S. dollars). Endit