BUSINESS Tokyo stocks close up for third straight session


Tokyo stocks close up for third straight session


14:57, December 09, 2019

Tokyo stocks rose for a third consecutive session Monday, extending rallies on Wall Street as investors closely watched key events this week including central bank meetings and the UK elections.


Photo: VCG

The benchmark Nikkei 225 index climbed 0.33 percent, or 76.30 points, to close at 23,430.70, while the broader Topix index was up 0.51 percent, or 8.71 points, at 1,722.07.

Tokyo shares opened higher, tracking rallies in New York where stocks surged on Friday following a strong US jobs report.

"Shares sustained the momentum throughout the day" although profit-taking prevented further gains, said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.

Investors are eyeing the two-day US Federal Reserve meeting through Wednesday and the British general election on Thursday, dealers said.

The dollar fetched 108.58 yen in Asian afternoon trade, against 108.56 yen in New York on Friday.

In Tokyo, exporters were higher, with Nissan trading up 1.85 percent at 687.6 yen and game giant Nintendo up 3.01 percent at 45,080 yen.

Market heavyweight Fast Retailing, operator of clothing giant Uniqlo, was up 0.59 percent at 64,300 yen, while SoftBank Group gained 1.19 percent to 4,308 yen.

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