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Tokyo stocks close higher after Fed chair's rate cut hint

TOKYO
2019-07-11 15:17

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TOKYO, July 11 (Xinhua) -- Tokyo stocks closed higher Thursday, tracking advances made by U.S. shares overnight, after U.S. Federal Reserve Chairman Jerome Powell hinted at an interest rate cut later this month.

The 225-issue Nikkei Stock Average added 110.05 points, or 0.51 percent, from Wednesday to close the day at 21,643.53.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 7.31 points, or 0.47 percent, to finish at 1,578.63.

Miscellaneous product, mining, and farm and fishery-linked issues comprised those that gained the most by the close of play.
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