BUSINESS Tokyo stocks close higher on growing expectations for US rate cut

BUSINESS

Tokyo stocks close higher on growing expectations for US rate cut

Xinhua

15:11, September 09, 2019

File photo: VCG

TOKYO, Sept. 9 (Xinhua) -- Tokyo stocks closed higher Monday as investor expectations grew for another rate cut this month by the U.S. Federal Reserve.

The 225-issue Nikkei Stock Average added 118.85 points, or 0.56 percent, from Friday to close the day at 21,318.42.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 14.01 points, or 0.91 percent, to finish at 1,551.11.

Oil and coal product, consumer credit and construction-linked issues comprised those that gained the most by the close of play. 

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