Tokyo stocks close up 0.25%
News On Japan via -- Sep 25

Tokyo stocks have closed up 0.25 per cent as buyers move to lock in interim dividends before Japanese companies close their books for the half-year to the end of September.

The Nikkei 225 index at the Tokyo Stock Exchange finished up 22.25 points on Tuesday at 9,091.54 while the Topix index of all first-section issues gained 0.53 per cent or 3.98 points to 757.66.

The market got support from "short-covering to lock in the fiscal first half payout", said Yutaka Miura, senior technical analyst at Mizuho Securities.

Some major stocks gained ground. Toyota Motor rose 1.11 per cent to 3,185 yen and Panasonic went up 1.32 per cent to 535 yen.

Shares in Sharp rose 0.48 per cent to 207 yen after a Kyodo News report the troubled electronics firm has decided to cut some 11,000 jobs worldwide and sell $2.7 billion worth of assets and factories.

Japan Airlines (JAL) plunged 8.73 per cent to 3,395 yen less than a week after relisting, amid concern over a festering territorial spat between Tokyo and Beijing.

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