BUSINESS Tokyo stocks close higher on buybacks after reports of Trump's recovery

BUSINESS

Tokyo stocks close higher on buybacks after reports of Trump's recovery

Xinhua

16:20, October 05, 2020

TOKYO, Oct. 5 (Xinhua) -- Tokyo stocks closed higher Monday as reports of U.S. President Donald Trump is recovering after testing positive for COVID-19 last week and may be discharged from hospital on Monday saw investors buying back range of issues.

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File photo: AFP

The 225-issue Nikkei Stock Average gained 282.24 points, or 1.23 percent, from Friday to close the day at 23,312.14.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 28.03 points, or 1.74 percent, higher at 1,637.25.

Mining, land transportation and insurance-linked issues comprised those that gained the most by the close of play. 

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