Tokyo stocks close higher as earnings season hits peak | Money

Monday, 10 May 2021 03:31 PM MYT
The benchmark Nikkei 225 index rose 0.55 per cent, or 160.52 points, to 29,518.34, while the broader Topix index gained 0.99 per cent, or 19.22 points, to 1,952.27. — Reuters pic
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TOKYO, May 10 — Tokyo stocks closed higher Monday on hopes for economic recovery in the United States, with investors digesting corporate results ahead of the peak of Japan’s earnings season.
The benchmark Nikkei 225 index rose 0.55 per cent, or 160.52 points, to 29,518.34, while the broader Topix index gained 0.99 per cent, or 19.22 points, to 1,952.27.
Japanese share prices were sustained by US recovery hopes after disappointing US jobs data fuelled confidence that fiscal and monetary support will continue, brokers said.

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