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Tokyo shares close moderately higher on hopes for ETF purchases

Xinhua News,TOKYO
2020-03-17 15:21

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Tokyo stocks bounced back from earlier losses to close slightly higher Tuesday, as expectations grew the Bank of Japan would expand its purchases of exchange-traded funds, while dip-buying also helped snap a four-day losing streak.

The 225-issue Nikkei Stock Average edged up 9.49 points, or 0.06 percent, from Monday to close the day at 17,011.53.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 32.12 points, or 2.60 percent, higher to finish at 1,268.46.

Pulp and paper, electric power and gas, and farm and fishery-linked issues comprised those that gained the most by the close of play.
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