investors mantaining: On Friday, it gained 113.63 points. ; The Topix, which covers all issues listed on the Tokyo Exchange's first section, was up 14.01 points, or 0.91 percent, at 1,551.11 after adding 2.64 points Friday, according to The Japan Times. Stocks jumped after showing some sluggishness at the outset, with buybacks taking the upper hand amid investors mantaining their optimism over U.S.-China trade negotiations and other external issues, brokers said. The Nikkei 225 rose 118.85 points, or 0.56 percent, to end at 21,318.42. A continued rise on Wall Street on Friday reflecting unchanged expectations for a further interest rate cut by the U.S. Federal Reserve later this month helped the Tokyo market extend its rally, they said. Tomoaki Fujii, head of the investment research division at Akatsuki Securities Inc., noted that on top of the rise in U.S. equities, a halt in the yen's appreciation against the dollar gave a boost to Japanese stocks. Both the Nikkei and Topix stayed in positive territory for the rest of the session despite a dearth of fresh trading incentives.
(news.financializer.com). As
reported in the news.
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