Tokyo stocks close higher on hopes for U.S. stimulus

Source: Xinhua| 2020-08-11 15:20:41|Editor: huaxia

TOKYO, Aug. 11 (Xinhua) -- Tokyo stocks closed higher Tuesday as a comparatively soft yen encouraged buying amid hopes U.S. lawmakers will agree on a sizable stimulus package to help the virus-battered economy.

The 225-issue Nikkei Stock Average gained 420.30 points, or 1.88 percent, from Friday to close the day at 22,750.24, marking its highest closing level since July 22.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 39.22 points, or 2.54 percent, to finish at 1,585.96.

Real estate, iron and steel, and bank-linked issues comprised those that advanced the most by the close of play.

Markets here were closed on Monday for a national holiday. Enditem

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100001392824401