Conference Board: Points and Day

conference board: On Tuesday, the key market gauge retreated 87.35 points. ; The Topix index of all first-section issues finished up 9.89 points, or 0.62 percent, at 1,607.65, after losing 2.36 points the previous day, according to The Japan Times. Stocks stayed in positive territory throughout Wednesday, staging a recovery from the previous day's setback caused by a risk-averse mood after North Korea's launch of a ballistic missile over Japan into the Pacific Ocean. The 225-issue Nikkei average climbed 143.99 points, or 0.74 percent, to close at 19,506.54. Investors took heart from Tuesday's rebound in U.S. stock prices thanks to better-than-expected results of the Conference Board's U.S. consumer confidence index for August, released the same day, brokers said. Although the impact of the missile firing seems to have diminished, it cannot be said that the market is completely free from concern over North Korea, an official of a bank-affiliated securities company said. The Tokyo stock market was also supported by the dollar's strengthening on the back of the U.S. data's positive readings, brokers said. (news.financializer.com). As reported in the news.

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