Tokyo stocks close up 1.17%
News On Japan via ninemsn -- Nov 02
Tokyo stocks have closed 1.17 per cent higher, tracking Wall Street's gains on solid US economic data, but Sharp and Panasonic fell after warning of huge full-year losses.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange on Friday closed up 104.35 points to 9,051.22, while the broader Topix index of all first-section shares rose 1.18 per cent, or 8.77 points, to 752.09.
Tokyo stocks benefited from a weaker yen and mostly solid US economic data.
"The market is gaining on positive US economic-related data and the solidly cheaper yen," said Okasan Securities strategist Hideyuki Ishiguro.
"Markets should be able to see some measure of extra relief after the US presidential election is settled next week as well," he told Dow Jones Newswires.
Some buoyant data on consumer confidence and the manufacturing sector gave Wall Street a solid bump on Thursday after the previous day's flat reopening following a shutdown in the wake of Hurricane Sandy.
The Dow Jones Industrial Average finished 1.04 per cent higher at 13,232.62.
Source: ninemsn
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