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Tokyo stocks rise on bargain-hunting, firm exporters

Source: Xinhua

Editor: huaxia

2024-12-23 16:26:00

TOKYO, Dec. 23 (Xinhua) -- Tokyo stocks ended higher on Monday, snapping a six-day losing streak as investors hunted for bargains after recent declines and bought exporter issues on a weak yen.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 459.44 points, or 1.19 percent, from Friday at 39,161.34.

The broader Topix index, meanwhile, finished 24.75 points, or 0.92 percent, higher at 2,726.74.

Stocks were in positive territory throughout the day as automakers and other export-related issues were sought on a weak yen, while market participants scooped up battered shares after stocks fell for six straight trading days, with the Nikkei benchmark losing over 1,100 points, analysts said.