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Tokyo Shares Close Higher On Upbeat Earnings Reports, Weak Yen
 

Tokyo shares closed higher Thursday on upbeat earnings reports of domestic enterprises as well as the weak yen.

The 225-issue Nikkei Stock Average ended up 104.29 points, or 0.47 percent, from Wednesday at 22,319.61.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 4.40 points, or 0.25 percent, higher at 1,772.13.

Shares remained solid throughout the day with technology shares lifted by upbeat earnings reports and exporter issues by recent weakness of the yen against the U.S. dollar.

Semiconductor equipment maker Tokyo Electron surged 1,635 yen, or 8.4 percent, to 21,050 yen after it said it expects a 32 percent year-on-year rise in consolidated net profit for the fiscal year through March 2019.

Machinery maker Kawasaki Heavy Industries gained 170 yen, or 4.7 percent, to 3,810 yen, after it said its net profit will rise 63 percent year on year for fiscal year 2018.

Trading volume on the main section came to 1,520.37 million shares, up from Wednesday's volume of 1,423.46 million shares.

On the First Section, advancing issues outnumbered decliners 1,243 to 765 with 75 ending ending the day unchanged.

Gainers were led by electric appliance, metal product and food issues.

The day's turnover was around 2,785.6 billion yen (25.47 billion U.S. dollars).


(www.chinaview.cn 2018-04-27)
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