BUSINESS Tokyo stocks close higher after Fed indicates rate cut possible

BUSINESS

Tokyo stocks close higher after Fed indicates rate cut possible

Xinhua

16:36, June 20, 2019

TOKYO, June 20 (Xinhua) -- Tokyo stocks closed higher Thursday after a positive lead from Wall Street overnight, as the US Federal Reserve signaling a possible rate cut to support the US economy lifted investor sentiment.

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Pedestrians walk past the closing rate of the Tokyo Stock Exchange displayed in the window of a security company in Tokyo. (File photo: AFP)

The 225-issue Nikkei Stock Average added 128.99 points, or 0.60 percent, from Wednesday to close the day at 21,462.86.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 4.63 points, or 0.30 percent, to finish at 1,559.90.

Marine transportation, security houses, and farm and fishery-linked issues comprised those that gained the most by the close of play.

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