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Tokyo stocks end higher on bargain-hunting, exporter gains

0 Comment(s)Print E-mail Xinhua, November 15, 2024
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TOKYO, Nov. 15 (Xinhua) -- Tokyo stocks ended higher Friday with the benchmark Nikkei snapping a three-day losing streak as investors bought battered shares, while a weaker yen boosted exporters including automakers.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 107.21 points, or 0.28 percent, from Thursday at 38,642.91.

The broader Topix index, meanwhile, finished 10.42 points, or 0.39 percent, higher at 2,711.64.

Stocks rose as investors snapped up bargains after the Nikkei lost nearly 1,000 points over the past three days, with export-oriented automakers gaining amid the yen's weakness, while banks and other financial issues were sought after three Japanese megabanks reported higher profits for the April-September period and raised full-year profit outlooks, analysts said.

Market watchers here noted that gains were limited in the afternoon, as the market is concerned by U.S. economic policy under President-elect Donald Trump as he continues to announce cabinet picks. Enditem

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