Tokyo stocks close sharply higher as mood buoyed by Macron winning French election

BY  | FROM  | 2017-05-08 16:13

Tokyo stocks closed sharply higher Monday, with the benchmark Nikkei rising more than 2 percent on an upbeat market mood following Emmanuel Macron, a pro-European Union candidate, winning the French presidential election.
The 225-issue Nikkei Stock Average gained 450 points, or 2.31 percent, from last Tuesday to end the day at 19,895.70, marking its highest closing level since Dec. 3, 2015.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, finished 35.56 points, or 2.29 percent, higher at 1,585.86.
All industry categories on the main section advanced, with mining, air transportation and insurance issues comprising the day's notable gainers, and advancing issues outpaced declining ones by 1,875 to 108, on the First Section.
Trading volume on the main section on Monday totaled 2,408.08 million shares, jumping from Tuesday's volume of 1,862.94 million shares.
The turnover on the first trading day of the week came to 3,443 billion yen (30.54 billion U.S. dollars).
Markets here were closed for three days from Wednesday for the Golden Week string of national holidays.

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