Wall Street: Market and Points

wall street: On Thursday, the key market gauge fell 40.48 points. ; The Topix index of all first-section issues closed up 14.39 points, or 0.93 percent, at 1,557.59, after gaining 5.43 points the previous day, according to The Japan Times. Stocks spurted from the outset on purchases activated by the dollar's rise above 109, market sources said. The 225-issue Nikkei average jumped 263.80 points, or 1.29 percent, to end at 20,666.07, the best finish since Dec. 19. The Tokyo market also got a boost from Wall Street's extended advance Thursday, which was supported in part by a newspaper report that said U.S. Treasury Secretary Steven Mnuchin had proposed scrapping some or all tariffs on Chinese imports, the sources said. The market attracted futures-linked repurchases heartened by higher stock prices abroad, Shimizu added. The Wall Street Journal report suggested that the United States and China are moving closer to each other in their trade negotiations, helping investors turn less risk-adverse, Mitsuo Shimizu, chief strategist at Aizawa Securities Co., said. (news.financializer.com). As reported in the news.