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Tokyo stocks close higher on hopes for U.S. stimulus, earnings upgrades

Xinhua News,TOKYO
2020-10-21 15:22

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TOKYO, Oct. 21 (Xinhua) -- Tokyo stocks closed higher Wednesday on renewed hopes for an agreement to be reached on U.S. stimulus measures, with sentiment lifted by some domestic firms upgrading forecasts ahead of earnings season.

The 225-issue Nikkei Stock Average added 72.42 points, or 0.31 percent, from Tuesday to close the day at 23,639.46.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 11.86 points, or 0.73 percent, to finish at 1,637.60.

Iron and steel, mining and marine transportation-oriented issues comprised notable winners by the close of play.
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