Tokyo stocks close higher

7 July, 2020 12:00 AM printer

TOKYO: Tokyo stocks closed higher Monday as Chinese shares' sharp gains lifted the market mood, while a weaker yen versus the U.S. dollar gave exporter issues a boost.

The 225-issue Nikkei Stock Average gained 407.96 points, or 1.83 percent, from Friday to close the day at 22,714.44, reports Xinhua.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 24.82 points, or 1.60 percent, to finish at 1,577.15.

Investor sentiment was bolstered from the get-go as a comparatively weak yen versus the U.S. dollar made issues whose firms are broadly exposed to overseas markets, like automakers and some technical shares, an attractive proposition, brokers here said.