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Tokyo stocks close higher on Fed rate cut,gains trimmed by BOJ's inactivity

TOKYO
2019-09-19 15:37

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TOKYO, Sept. 19 (Xinhua) -- Tokyo stocks closed higher Thursday as investors were heartened by an interest rate cut by the U.S. Federal Reserve, although some gains were pared by the yen's rise against the U.S. dollar after the Bank of Japan bank opted not to unveil any new monetary policy measures.

The 225-issue Nikkei Stock Average added 83.74 points, or 0.38 percent, from Wednesday to close the day at 22,044.45.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 9.04 points, or 0.56 percent, to close at 1,615.66.

Textile and apparel, services, and electric power and gas-linked issues comprised those that gained the most by the close of play.
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