Tokyo stocks close higher as US presidential debate lifts dollar

Tokyo stocks erased earlier losses to close higher Tuesday as investors' risk aversion following a poor performance on European and U.S. bourses overnight, which saw the yen spike against the U.S. dollar, was reversed after a presidential debate in the United States.

Local brokers here said that market tension was eased as the U.S. dollar rose against the yen on beliefs that Democratic candidate Hillary Clinton held her own in the first U.S. presidential debate against Republican candidate Donald Trump in the run up to the election.

The 225-issue Nikkei Stock Average added 139.37 points, or 0.84 percent, from Monday to finish at 16,683.93.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 13.38 points, or 1.00 percent, to close at 1,349.22.

With the exception of banking and securities-linked issues, all categories on the main section gained ground, with notable advancers comprising mining, nonferrous metal, and oil and coal product-linked stocks.

The day's turnover was 2,294.6 billion yen (22.76 billion U.S. dollars).

Source : XINHUA