Tokyo stocks close higher tracking overnight gains on Wall Street

          Source: Xinhua| 2018-02-27 17:28:08|Editor: Jiaxin
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          TOKYO, Feb. 27 (Xinhua) -- Tokyo stocks closed higher Tuesday, with the benchmark Nikkei stock index closing at a near three-week high as investor sentiment was lifted by U.S. shares advancing overnight.

          The 225-issue Nikkei Stock Average added 236.23 points, or 1.07 percent, from Monday to close the day at 22,389.86, marking its highest closing level since Feb. 5.

          The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 15.53 points, or 0.88 percent, to end at 1,790.34.

          Tokyo stocks drew buying in early trade on the back of U.S. shares overnight rally, brokers here said, with the Nikkei adding more than 300 points at one point.

          But the market mood became circumspect in later trade as investors switched their attention to Federal Reserve chief Jerome Powell's first congressional testimony later in the day and some investors opted to take profits, paring the market's earlier gains, they added.

          Mining, electric appliance and insurance-related issues comprised those that gained the most by the close of play, and rising issues beat falling ones by 1,201 to 751 on the First Section, with 115 ending the day unchanged.

          On the main section on Tuesday, 1,329.10 million shares changed hands, rising from Monday's volume of 1,242.54 million shares.

          The turnover on the second trading day of the week came to 2,629.9 billion yen (24.56 billion U.S. dollars).

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