Tokyo stocks close higher on hopes for Chinese stimulus measures

Source: Xinhua| 2019-01-15 16:27:22|Editor: xuxin
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TOKYO, Jan. 15 (Xinhua) -- Tokyo stocks closed higher Tuesday as investors piled into China-linked issues following a report suggesting the world's second largest economy might be considering unleashing further economic stimulus measures.

The 225-issue Nikkei Stock Average gained 195.59 points, or 0.96 percent, from Friday to close the day at 20,555.29.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 12.99 points, or 0.85 percent, to finish at 1,542.72.

Local brokers said trading got off to a lackluster start following U.S. shares retreating overnight, but gathered steam by the morning break on hopes for continued robust earnings reports from the financial sector in the United States.

Market analysts also said that a report suggesting China may be eyeing taking additional economic stimulus measures, also spurred buying here, particularly of issues widely exposed to the world's second-largest economy.

By the close of play, precision instrument, machinery and electric appliance-linked issues comprised those that gained the most, and rising issues beat falling ones by 1,479 to 577 on the First Section, while 72 ended the day unchanged.

On the main section on Tuesday, 1,345.82 million shares changed hands, rising from Friday's volume of 1,295.95 million shares.

The turnover on the first trading day of the week came to 2,461.3 billion yen (22.64 billion U.S. dollars).

Markets here were closed on Monday for a national holiday.

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