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Tokyo stocks close higher on buybacks after recent decline

2019-03-11 15:25

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TOKYO, March 11 (Xinhua) -- Tokyo stocks closed higher Monday, bringing an end to the Nikkei's four-day losing streak, as investors bought back issues deemed cheap after their retreat last week on concerns over the global economic outlook.

The 225-issue Nikkei Stock Average added 99.53 points, or 0.47 percent, from Friday to close the day at 21,125.09.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 9.00 points, or 0.57 percent, to finish at 1,581.44.

Electric power and gas, pulp and paper, and real estate-linked issues comprised those that declined the most by the close of play.
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