BUSINESS Tokyo stocks close higher on bargain hunting, hopes for US stimulus

BUSINESS

Tokyo stocks close higher on bargain hunting, hopes for US stimulus

Xinhua

15:36, February 22, 2021

TOKYO, Feb. 22 (Xinhua) -- Tokyo stocks closed higher Monday, bringing an end to a three-day losing streak, as investors picked up bargains following the market's recent decline, with risk appetite toward high-tech issues improving on hopes for U.S. stimulus to further help reboot the pandemic-hit economy.

People wearing face masks walk past an electronic board showing the closing numbers of Nikkei Stock Average in Tokyo, Japan, on July 9, 2020. (Photo: Xinhua)

The 225-issue Nikkei Stock Average added 138.11 points, or 0.46 percent, from Friday to close the day at 30,156.03.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, rose 9.40 points, or 0.49 percent, to finish at 1,938.35.

Electrical appliance, air transportation, marine transportation and nonferrous metal issues comprised those that advanced the most by the close of play.


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