TOKYO, July 2 (Xinhua) -- Tokyo stocks closed higher on Tuesday, with export-related issues boosted by the weaker yen which hit a fresh 37-year low.
Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 443.63 points, or 1.12 percent, from Monday to close at 40,074.69.
With the highest close since March 29, the index closed above the 40,000 threshold for the first time in three months.
The broader Topix index, meanwhile, rose 32.34 points, or 1.15 percent to 2,856.62, setting another 34-year high.
Market watchers here noted that investors bought on dips after stocks in semiconductor-related and other sectors started lower in the morning due to profit-taking selling.
While market sentiments improved here in Tokyo, local analysts added that short-term investors also took action with the weaker yen hitting a fresh 37-year low in the upper 161 range against the U.S. dollar in the forex market.
On the top-tier Prime Market, gainers were led by precision instrument, transportation equipment and insurance issues.
Advancing issues outnumbered declining ones by 864 to 720, with 61 issues remaining unchanged. ■