Tokyo stocks end slightly higher

Tokyo stocks end slightly higher

Monitoring Desk

TOKYO: Japanese stocks ended flat on Tuesday, with trading volumes dropping as investors wind down for the year-end holiday season.

The Nikkei 225 index inched up 9.47 points to 23,830.58 but the broader Topix index dipped 0.07 percent, or 1.20 percent, to 1,728.22.

Traders were given a strong lead from Wall Street, where stocks finished at fresh record highs thanks to an executive shakeup at troubled plane-maker Boeing.

“Japanese shares are seen supported by US gains,” Okasan Online Securities strategist Yoshihiro Ito said in a commentary

Trade “lacks a sense of direction with absence of foreign investors who are on Christmas holidays”, Mizuho Securities added in a note.

The dollar was also barely moved, fetching 109.40 yen against 109.39 yen in New York. Uniqlo-operator Fast Retailing gained 0.24 percent to 66,750 yen and market heavyweight SoftBank added 0.36 percent to 4,680 yen.

Major electronics firms were higher, with Panasonic gaining 0.93 percent to 1,022 yen and Sony up 0.18 percent at 7,406 yen.(AFP/APP)

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