BUSINESS Tokyo stocks close mixed on yen's strength, hopes for BOJ buying

BUSINESS

Tokyo stocks close mixed on yen's strength, hopes for BOJ buying

Xinhua

15:49, July 27, 2020

TOKYO, July 27 (Xinhua) -- Tokyo stocks closed mixed Monday as selling on the yen's appreciation against the U.S. dollar which sent exporter issues lower was offset by buying on hopes for the Bank of Japan's purchases of exchange-traded funds (ETFs) to underpin the market.

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File photo: AFP

The 225-issue Nikkei Stock Average lost 35.76 points, or 0.16 percent, from Wednesday to close the day at 22,715.85.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 3.73 points, or 0.24 percent, to finish at 1,576.69.

Marine transportation and precision instrument issues led notable decliners, while electric power and gas, insurance, and farm and fishery issues comprised those that gained the most by the closing bell.

Markets here were closed on Thursday and Friday for national holidays.


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