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Tokyo stocks close higher as investors pile into high dividend-paying issues

Xinhua, March 28, 2017 Adjust font size:

Tokyo stocks closed higher Tuesday recouping losses from a day earlier as the yen's depreciation against the U.S. dollar set a positive tone and investors snapped up issues before turning ex-dividend at the end of the fiscal year.

The 225-issue Nikkei Stock Average added 217.28 points, or 1.14 percent, from Monday to close at 19,202.87.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 20.44 points, or 1.34 percent, to finish at 1,544.83.

Mining, rubber product and metal product-linked shares comprised those that advanced the most by the close, and advancing issues outpaced declining ones by 1,804 to 153 on the First Section.

On the main section Tuesday's trading volume came to 1,900.13 million shares, rising from Monday's volume of 1,762.93 million shares.

The turnover on Tuesday totaled 2,415 billion yen (21.81 billion U.S. dollars). Endit