BUSINESS Tokyo stocks close higher on ECB easing, hopes for additional Fed rate cut

BUSINESS

Tokyo stocks close higher on ECB easing, hopes for additional Fed rate cut

Xinhua

16:20, September 13, 2019

TOKYO, Sept. 13 (Xinhua) -- Tokyo stocks closed higher Friday, with the benchmark Nikkei stock index extending its winning streak to a ninth straight day, as investors welcomed the European Central Bank's (ECB) easing measures amid hopes for a further rate cut by the U.S. Federal Reserve.

VCG111184544764.jpg

File photo: VCG

The 225-issue Nikkei Stock Average gained 228.68 points, or 1.05 percent, from Thursday to close the day at 21,988.29, marking its highest closing level since April 26.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 14.77 points, or 0.93 percent, to close at 1,609.87.

Real estate, textile and apparel, and farm and fishery-linked issues comprised those that gained the most by the close of play.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue