Tokyo stocks closed 2.67% higher with Nikkei Stock Average rising to 39,740.44 due to yen's weakness and bargain hunting.
Tokyo stocks closed sharply higher on Monday, with the Nikkei stock index jumping 2.67% as exporters benefited from the yen's weakness and investors sought bargains after losses last week. The benchmark Nikkei Stock Average ended at 39,740.44, a gain of 1,032.80 points. The broader Topix index finished 51.19 points higher at 2,721.99. Market watchers expect the Bank of Japan to maintain an accommodative monetary stance, even if it decides to end its negative interest rate policy.
March 18, 2024
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