Tokyo stocks end higher over weak yen-Xinhua

Tokyo stocks end higher over weak yen

Source: Xinhua

Editor: huaxia

2024-01-29 16:36:30

TOKYO, Jan. 29 (Xinhua) -- Tokyo stocks ended higher on Monday as the weaker yen triggered buying, especially in export-related stocks.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average ended up 275.87 points, or 0.77 percent, from Friday to close the day at 36,026.94.

The broader Topix index, meanwhile, finished 31.83 points, or 1.27 percent, higher at 2,529.48.

Market watchers here noted that the sentiment was lifted after the Dow Jones Industrial Average reached new daily highs in the U.S. stock market over the weekend, while the yen's depreciation prompted buying in a wide range of shares.

However, Monday's gains were limited in the Tokyo market ahead of earnings reports later this week from three Japanese semiconductor heavyweights, as well as U.S. tech giants, they added.

On the top-tier Prime Market, gainers were led by mining, oil and coal product and transportation equipment issues.

Issues that gained outpaced those that declined by 1,345 to 277, while 36 ended the day unchanged.