Tokyo stocks close higher on expected central banks ETF fund buying

BY  | FROM  | 2017-12-25 16:05

Tokyo's stocks closed marginally higher in thin trading on Monday on expectations the Bank of Japan (BOJ) would purchase exchange-traded funds (ETFs).

The 225-issue Nikkei Stock Average gained 36.42 points, or 0.16 percent, from Friday to close the day at 22,939.18, marking its highest close since Dec. 11.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, finished 2.85 points, or 0.16 percent, higher to finish at 1,831.93.

Oil and coal product, chemical and metal product-oriented issues comprised those that gained the most by the close of play.

    Related News

      Financial Times

    • Fed fears market misreading of guidance
    • The US Federal Reserve is keen to revamp its forward guidance about future interest rates but terrified of a market misunderstanding, according to the minutes of its September meeting


    • Asian shares rebound after Fed renews dovish credentials
    • Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting showed policymakers have some concerns about downside risks to the global economy and the dol...


    • Nigeria succeeds at containing Ebola
    • People here are shaking hands again, kissing, hugging, touching. These days, shops are open, people are working, and children are finally going back to 
    Chinese Dictionary: