BUSINESS Tokyo stocks close sharply higher on Fed's rate hike hint

BUSINESS

Tokyo stocks close sharply higher on Fed's rate hike hint

Xinhua

14:59, June 05, 2019

TOKYO, June 5 (Xinhua) -- Tokyo stocks closed sharply higher Wednesday, with the benchmark Nikkei stostck index snapping a five-day losing streak as the head of the U.S. Federal Reserve hinting at a possible rate cut to support the economy bolstered investor sentiment.

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(File photo: VCG)

The 225-issue Nikkei Stock Average climbed 367.56 points, or 1.80 percent, from Tuesday to close the day at 20,776.10.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, jumped 30.99 points, or 2.07 percent, to finish at 1,530.08.

All industry categories on the main section closed in positive territory, with precision instrument, metal product and nonferrous metal-linked issues comprising those that advanced the most by the close of play.


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