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Tokyo Stocks Close Higher on Solid U.S. Economic Data-Aug 31
 

Tokyo stocks closed higher Thursday, with the benchmark Nikkei stock index finishing at a two-week high, as the market mood was brightened by U.S. gross domestic product for the April-June quarter released overnight being upwardly revised.

The 225-issue Nikkei Stock Average gained 139.70 points, or 0.72 percent, from Wednesday to close the day at 19,646.24.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 9.76 points, or 0.61 percent, to finish at 1,617.41.

Bank, wholesale and iron and steel-linked issues comprised those that gained the most by the close of play, and rising issues beat declining ones by 1,198 to 723 on the First Section.

Local traders said that the market was buoyed by recent U.S. economic data, including the upward revision to GDP and solid ADP private-sector employment data for August, which raised optimism in the health of the world's top economy.

Some investors hit the sidelines ahead of further jobs data due out on Friday, brokers here said, while others were content to buy shares on dips that were deemed to have been oversold.

On the main section on Thursday, 1,770.35 million shares changed hands, rising from Wednesday's volume of 1,705.30 million shares.

The turnover on the penultimate trading day of the week came to 2,281.0 billion yen (20.64 billion U.S. dollars).


(www.chinaview.cn 2017-09-01)
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