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Tokyo stocks close higher as weak yen lifts exporters amid hopes for earnings

Xinhua, May 10, 2017 Adjust font size:

Tokyo stocks closed higher Wednesday as the yen's retreat against the U.S. dollar lifted exporters amid hopes for further solid earnings reports from Japan Inc. this week.

The 225-issue Nikkei Stock Average added 57.09 points, or 0.29 percent, from Tuesday to close the day at 19,900.09.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 3.42 points, or 0.22 percent, to finish at 1,585.19.

Iron and steel, information and communication, and nonferrous metal-linked stocks comprised those that gained the most by the close of play, and advancing issues outpaced declining ones by 1,044 to 805 won the First Section.

Trading volume on the main section totaled 2,169.89 million shares, rising from Tuesday's volume of 1,990.90 million shares.

The turnover the third trading day of the week came to 2,779.0 billion yen (24.36 billion U.S. dollars). Endit