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Tokyo stocks close higher as weak yen gives exporters boost

Xinhua, April 10, 2017 Adjust font size:

Tokyo stocks closed higher Monday as a comparatively weak yen against the U.S. dollar encouraged investors to snap up exporter-linked shares, with the softer tone of the Japanese currency also supporting the broader market.

The 225-issue Nikkei Stock Average added 133.25 points, or 0.71 percent, from Friday to close the day at 18,797.88.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, finished up 9.88 points, or 0.66 percent, to end the day at 1,499.65.

By the end of play issues that advanced the most into positive territory comprised iron and steel, non-ferrous metal and bank-linked stocks, and advancing issues outpaced declining ones by 1,405 to 504 on the First Section.

Monday's trading volume came to 1,732.34 million shares on the main section, dropping from Friday's volume of 2,401.45 million shares.

The total turnover on the first trading day of the week came to 1,929 billion yen (17.33 billion U.S. dollars). Endit