Tokyo stocks end higher tracking Wall Street gains-Xinhua

Tokyo stocks end higher tracking Wall Street gains

Source: Xinhua| 2024-07-16 16:23:15|Editor: huaxia

TOKYO, July 16 (Xinhua) -- Tokyo stocks ended higher on Tuesday over gains of semiconductor and electronic component-related stocks following the rise in the overnight U.S. stock market.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 84.40 points, or 0.20 percent, from Friday to close the day at 41,275.08.

The broader Topix index, meanwhile, finished 9.94 points, or 0.34 percent, higher at 2,904.50.

Tokyo stock market was closed Monday for the national holiday of Marine Day.

Buying of economically sensitive stocks such as banks and machinery was supported in Wall Street. Buying in financial, defense, and infrastructure-related stocks also contributed to the Nikkei's gains here in Tokyo, according to market watchers.

Despite the improved market sentiment after Friday's sharp decline, strong profit-taking and selling pressure were at higher levels due to concerns about overheating and the yen's outlook, according to analysts.

On the top-tier Prime Market, gainers were led by securities houses, oil and coal products, and bank issues.

Issues that increased outpaced those that declined by 819 to 783, while 43 ended the day unchanged.

EXPLORE XINHUANET