Tokyo stocks rise on hopes for stimulus measures, dividend buying

Xinhua News Agency | Mar 27, 2020 at 7:08 AM

TOKYO, March 27 (Xinhua) -- Tokyo stocks closed sharply higher Friday on hopes that global governments and central banks would roll out additional stimulus measures to counter the effects of the coronavirus, while buying of stocks for dividends before the end of the business year added to support.

The 225-issue Nikkei Stock Average added 724.83 points, or 3.88 percent, from Thursday to close the day at 19,389.43.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 60.17 points, or 4.30 percent, to finish at 1,459.49.

Precision instrument, electric power and gas and pharmaceutical issues comprised those that gained the most by the close of play.