BUSINESS

Tokyo stocks closes higher

Tokyo stocks closed higher on Wednesday as investors took heart from fresh records on Wall Street despite thin trade due to the summer holidays.

The benchmark Nikkei 225 index rose 0.65 percent, or 182.36 points, to end at 28,070.51, while the broader Topix index gained 0.92 percent, or 17.80 points to 1,954.08.

The Dow and S&P 500 ended at new records Tuesday as industrial companies and commodities producers advanced after the Senate passage of a $1.2 trillion infrastructure package.

“Investors welcomed the US rallies and the US package,” Toshikazu Horiuchi, a broker at IwaiCosmo Securities, told AFP.

“But concerns over the coronavirus situations in Japan capped positive
sentiment.”

The number of Covid-19 patients with severe symptoms has hit a record high in Tokyo as daily infections surge in Japan.

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