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Tokyo stocks close sharply higher on Japan's GDP growth

Xinhua News,TOKYO
2020-11-16 15:13

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TOKYO, Nov. 16 (Xinhua) -- Tokyo stocks closed sharply higher Monday, with the Nikkei nearing the 26,000 mark to end at a new 29-year high, as investors' confidence was boosted by a 21.4-percent growth in the Japanese economy in the July-September period.

The 225-issue Nikkei Stock Average gained 521.06 points, or 2.05 percent, from Friday at 25,906.93, logging the highest finish since June 3, 1991.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, increased 28.59 points, or 1.68 percent, to finish at 1,731.81.

Marine transportation, air transportation and real estate issues comprised those that increased the most by the close of play.
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