BUSINESS Tokyo stocks close higher on hopes for US stimulus

BUSINESS

Tokyo stocks close higher on hopes for US stimulus

Xinhua

15:16, October 19, 2020

People wearing face masks walk on the street at Ginza in Tokyo, Japan, on Aug. 15, 2020. (File photo: Xinhua)

TOKYO, Oct. 19 (Xinhua) -- Tokyo stocks closed higher Monday helped by a comparatively weaker yen helping lift exporters and hopes for a U.S. virus-linked stimulus package being green-lit in time for enactment before the U.S. presidential election.

The 225-issue Nikkei Stock Average ended up 260.50 points, or 1.11 percent, from Friday to close the day at 23,671.13.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, finished 20.29 points, or 1.25 percent, higher at 1,637.98.

Marine transportation, rubber product, and iron and steel issues comprised those that gained the most by the close of play.

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