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Tokyo stocks edged higher

author:Xinhua

Tokyo, 16 Nov (Xinhua) -- The two major stock indexes in the Tokyo stock market rose slightly on the 16th, closing higher for four consecutive trading days. Both the Nikkei 225 stock average and the Tokyo Stock Exchange stock price index closed up 0.11 percent from the previous session.

Due to the continuous rise of the Tokyo stock market in the previous 3 trading days, the profit taking operation of investors in the morning of the 16th increased, and the Nikkei stock index opened slightly lower. Earlier in the morning session, the Nikkei stock index hovered below the closing price of the previous session; after that, the news factor boosted market confidence, and the two major stock indexes rose rapidly. In addition, the foreign exchange market on the day the yen weakened against the US dollar, which also boosted the Tokyo stock market.

From the perspective of sectors, the 33 industry sectors of the main board market of the Tokyo Stock Exchange have mixed ups and downs. Mining, transportation equipment, insurance and other sectors rose high; shipping, services, pulp and paper sectors led the decline.

By the close, the Nikkei stock index rose 31.32 points to close at 29808.12 points, while the Topix rose 2.31 points to close at 2050.83 points. (End)

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