Tokyo stocks close higher on solid corporate earnings, yen's rise caps gains

Source: Xinhua| 2017-08-01 17:10:59|Editor: An
Video PlayerClose

TOKYO, Aug. 1 (Xinhua) -- Tokyo stocks closed higher Tuesday as solid domestic corporate earnings continued to bolster investor sentiment, although the yen's appreciation against the U.S. dollar saw gains capped.

The 225-issue Nikkei Stock Average added 60.61 points, or 0.30 percent, from Monday to end the day at 19,985.79.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 9.89 points, or 0.61 percent, to finish at 1,628.50.

Air transportation, bank and metal product-linked issues comprised those that gained the most by the close of play, and rising issues outpaced falling ones by 1,112 to 813 on the First Section.

Local traders said that the Dow closing at a fresh record high overnight set a positive tone for the market here with robust corporate earnings adding to a buoyant market mood.

But the dollar dropping to its lowest level since the middle of June to around the 110 yen line saw gains capped as investors speculated on the timing of the U.S. Federal Reserve's rate hike, considering current inflation levels.

On the main section, 1,944.53 million shares changed hands, dropping from Monday's volume of 2,334.55 million shares.

The turnover on the second trading day of the week came to 2,603.5 billion yen (23.61 billion U.S. dollars).

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011106041364911971