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Tokyo stocks close higher on BOJ pledge to ensure market stability

Xinhua News,TOKYO
2020-03-02 14:58

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Tokyo stocks rebounded Monday to close higher in volatile trading, binging an end to a five-day losing streak, as investors snapped up issues oversold after the Bank of Japan pledged to ensure market stability and join other major central banks in combating excess volatility as the worldwide spread of the coronavirus has rocked markets.

The 225-issue Nikkei Stock Average gained 201.12 points, or 0.95 percent, from Friday to close the day at 21,344.08.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 15.00 points, or 0.99 percent, to finish at 1,525.87.

Service, farm and fishery, and retail issues comprised those that gained the most by the close of play.
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