Tokyo stocks close higher on Wall Street's lead, weaker yen

    Source: Xinhua| 2019-03-04 17:30:52|Editor: Yurou
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    TOKYO, March 4 (Xinhua) -- Tokyo stocks closed higher Monday, with the benchmark Nikkei stock index ending at a three month high, as a solid lead from Wall Street late last week and the yen's softer tone lifted investor sentiment.

    The 225-issue Nikkei Stock Average added 219.35 points, or 1.02 percent, from Friday to close the day at 21,822.04.

    The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 11.87 points, or 0.73 percent, higher at 1,627.59.

    Stocks in the U.S. gaining ground late last week contributed to investors' risk appetite in early trade, local brokers said, with the U.S. dollar rising to the 112 yen level making issues exposed to overseas markets an attractive proposition.

    They added that the market here also gained support from the Shanghai Stock Exchange Composite rising above the 3,000-point line for the first time since June last year.

    Tech issues gained traction on the yen's comparative weakness against the U.S. dollar, with Screen Holdings soaring 7.5 percent and Sumco jumping 4.2 percent.

    Industrial robotics makers Fanuc and Yaskawa Electric also found favor, closing the day 3.5 and 5.1 percent higher, respectively.

    By the close of play, oil and coal product, precision instrument and machinery-linked issues comprised those that gained the most, and issues that rose beat those that fell by 1,481 to 579 on the First Section, while 72 ended the day unchanged.

    On the main section on Monday, 1,127.81 million shares changed hands, dropping from Friday's volume of 1,148.48 million shares.

    The turnover on the first trading day of the week came to 2,153.6 billion yen (19.25 billion U.S. dollars).

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