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Tokyo stocks end marginally higher
TOKYO, Aug 16, 2019 (BSS/AFP) – Tokyo stocks closed slightly higher on
Friday, supported by gains in Chinese shares, but trade was sluggish with
investors in a wait-and-see mode ahead of the weekend.
The benchmark Nikkei 225 index, which fell at the open, inched up 0.06
percent or 13.16 points to end at 20,418.81. Over the week, it lost 1.29
percent.
The broader Topix index climbed 0.10 percent or 1.44 points at 1,485.29.
Over the week, it fell 1.23 percent.
“Tokyo shares opened lower due to concerns over a sluggish global
economy… but they later moved into positive territory, helped by gains in
Chinese shares,” Yoshihiro Ito, Okasan Online Securities chief strategist,
said in a note.
The dollar fetched 106.07 yen in Asian trade, against 106.10 yen in New
York and 105.91 yen in Tokyo on Thursday.
In Tokyo share trading, chip makers were among the gainers, with Tokyo
Electron jumping 1.97 percent to 18,800 yen.
Uniqlo casual wear operator Fast Retailing edged up 0.09 percent to 62,380
yen despite reports that some South Korean consumers were boycotting its
products amid a tit-for-tat Tokyo-Seoul trade war linked to historical
issues.
Sony fell 0.37 percent to 5,816 yen while IT investor SoftBank Group lost
1.11 percent to 4,897 yen.
BSS/AFP/HR/1302