TOKYO, Feb. 18 (Xinhua) -- Tokyo stocks closed higher on Tuesday, boosted by buying of exporters on a weaker yen and bank issues amid rising interest rates.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 96.15 points, or 0.25 percent, from Monday at 39,270.40.

The broader Topix index, finished 8.61 points, or 0.31 percent, higher at 2,775.51.

The market was supported by automakers and other export-oriented shares amid the yen's depreciation, as a weaker yen increases their overseas profits when repatriated, analysts said.

The climb of Japan's benchmark 10-year government bond yield to around a 15-year high also prompted the buying of bank and other financial issues on hopes for improved profits. Enditem

Related

Go to Forum >>0 Comment(s)