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Tokyo stocks rise sharply in early trading on hopes for U.S. rate hike

TOKYO
2015-12-07 09:12

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Tokyo stocks climbed in early trading Monday as investor sentiment was lifted by positive U.S. jobs data at the end of last week, giving hope that the U.S. Federal Reserve will hike its key interest rate soon.

As of 9:15 a.m., the 225-issue Nikkei Stock Average gained 261. 38 points, or 1.34 percent, from Friday to 19,765.86, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange added 18.78 points, or 1.19 percent, to 1,592.80. Early advancers comprised retail, land transport and metal products.

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