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Tokyo stocks end higher as U.S. jobs data ease recession fears

0 Comment(s)Print E-mail Xinhua, August 9, 2024
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TOKYO, Aug. 9 (Xinhua) -- Tokyo stocks ended higher Friday after a week of volatile trading, as lower-than-expected U.S. jobless claims eased fears about a recession and spurred buying.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 193.85 points, or 0.56 percent, from Thursday at 35,025.00.

The broader Topix index, meanwhile, finished 21.60 points, or 0.88 percent, higher at 2,483.30.

Stocks opened higher, tracking sharp gains on Wall Street overnight after U.S. jobless claims data provided relief to investors and quelled fears of a recession in the world's biggest economy. But gains were capped ahead of the long weekend and Bon holidays in Japan, analysts said.

This week has seen volatile trading with the benchmark Nikkei plunging over 4,400 points on Monday, its biggest single-day point drop in history, followed by a rebound with the largest-ever point gain the next day. Enditem

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