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Tokyo: Stocks close higher after Trump leaves hospital

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[TOKYO] Tokyo stocks closed higher on Tuesday, extending Wall Street rallies after US President Donald Trump returned to the White House following hospital treatment for Covid-19. Read more at The Business Times.

The US dollar fetched 105.66 yen in Asian afternoon trade, against 105.72 yen in New York and 105.58 yen in Tokyo late Monday.

Before the opening bell in Tokyo, Mr Trump checked out of hospital, pulling off his mask the moment he reached the White House and vowing to quickly get back on the campaign trail. Democratic White House hopeful Joe Biden's increasing lead in weekend polls in the US presidential race - another factor that mitigates political uncertainties in the future - is also supporting the market, analysts said.

SoftBank surged 2.41 per cent to 6,913 yen, Toyota rose 0.70 per cent to 6,958 yen and Nissan was up 0.85 per cent at 390.1 yen.BT is now on Telegram!

 

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