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Tokyo stocks close higher on weak yen, eased concerns after Trump speech

Xinhua, March 1, 2017 Adjust font size:

Tokyo stocks closed higher Wednesday as a comparatively weak yen against the U.S. dollar helped boost exporter issues, while eased trade concerns following U.S. President Donald Trump's first speech to Congress provided broader support.

The 225-issue Nikkei Stock Average added 274.55 points, or 1.44 percent, from Tuesday to close the day at 19,393.54.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, advanced 17.77 points, or 1.16 percent, to finish at 1,553.09.

Notable issues that jumped by the close of play comprised machinery, insurance and securities-linked stocks and advancing issues outpaced declining ones by 1,426 to 456 on the First Section.

Trading volume totaled 1,993.64 million shares on the main section, rising marginally from Tuesday's volume of 1,984.00 million shares.

Wednesday's turnover came to 2,389 billion yen (21.03 billion U.S. dollars). Endit