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Tokyo stocks end higher with Nikkei snaping 8-day losing streak

TOKYO
2024-07-29 16:32

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TOKYO, July 29 (Xinhua) -- Tokyo stocks ended higher Monday, with the Nikkei benchmark snapping an eight-day losing streak, as investors snapped up battered shares following sharp declines.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 801.22 points, or 2.13 percent, from Friday at 38,468.63, rebounding from an eight-day losing streak.

The broader Topix index, meanwhile, finished 60.13 points, or 2.23 percent, higher at 2,759.67.

The Nikkei index jumped from the outset after the benchmark lost around 3,600 points in the longest losing streak since October 2021, weighed down by weak tech issues and the yen's recent appreciation, analysts said.

Market watchers here noted the advance was driven by buying of technology shares tracking Wall Street gains and exporter issues on a weaker yen in hopes of a rebound.
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