Tokyo stocks close sharply higher on hopes for economic revivals

TOKYO (Xinhua) – Tokyo stocks closed sharply higher yesterday, as the market mood continued to be buoyed by ongoing hopes for increased economic activity in countries where virus-linked restrictions have been eased.

The 225-issue Nikkei Stock Average gained 497.08 points, or 2.32 per cent, from Wednesday to close the day at 21,916.31, marking the highest closing level since February 27.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 27.87 points, or 1.80 per cent, higher at 1,577.34.

Iron and steel, bank and transportation equipment issues comprised those that gained the most by the close of play.

Men wearing masks walk past an electronic stock board showing foreign currency exchange rates at a securities firm in Tokyo. PHOTO: AP