TOKYO, Aug. 27 (Xinhua) -- Tokyo stocks rebounded on Tuesday, driven by gains in export-related stocks as the Japanese yen weakened against the U.S. dollar.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 178.40 points, or 0.47 percent, from Monday to close the day at 38,288.62.

The broader Topix index, meanwhile, closed at 2,680.80, up 19.39 points, or 0.73 percent from the previous trading day.

In the forex market, the yen fell against the dollar by approaching the key 145 mark, a depreciation that triggered buying in stock index futures by overseas short-term traders, thus pushing up the Nikkei index.

However, market watchers here noted that the overall market was weighed down by losses in semiconductor-related stocks, following a decline in U.S. tech stocks the previous day.

On the Prime Market, gains were led by pulp and paper, mining and transportation equipment issues.

Advancing issues outnumbered declining ones by 1,326 to 280, with 40 remaining unchanged. Enditem

Related

Go to Forum >>0 Comment(s)