Tokyo stocks close higher on solid domestic corporate earnings, weaker yen
Xinhua, May 1, 2017 Adjust font size:
Tokyo stocks closed higher Monday as solid domestic corporate earnings propelled buying, while the yen's retreat against the U.S. dollar supported exporters and the broader market.
The 225-issue Nikkei Stock Average added 113.78 points, or 0.59 percent, from Friday to end the day at 19,310.52, marking its highest close since March 21.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 7.97 points, or 0.52 percent, to close the day at 1,539.77.
Electric appliance, insurance and precision instrument-liked issues comprised those that advanced the most by the close of play, with advancing issues outnumbering declining ones by 1,337 to 571 on the First Section.
On the main section on Monday, trading volume came to 1,760.86 million shares, down from Friday's volume of 1,996.53 million shares.
The turnover on the first trading day of the week totaled to 2,217 billion yen (19.82 billion U.S. dollars). Endit