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Tokyo: Stocks close higher after US rallies

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[TOKYO] Tokyo stocks closed marginally higher in sluggish trading on Tuesday following rallies on Wall Street, as investors remained on the sidelines ahead of Japan's corporate results season. Read more at The Business Times.

[TOKYO] Tokyo stocks closed marginally higher in sluggish trading on Tuesday following rallies on Wall Street, as investors remained on the sidelines ahead of Japan's corporate results season.

The benchmark Nikkei 225 index rose 0.18 per cent or 43.09 points to 23,601.78, while the broader Topix index gained 0.35 per cent or 5.75 points to 1,649.10. Investors bought on dips at the outset following two days of decline, while gains on US shares sustained market sentiment, brokers said. "But players remained cautious as major Japanese companies will soon start releasing interim results," said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.

The early gains were also trimmed by news that Johnson & Johnson temporarily halted its Covid-19 vaccine trial because one of its participants became sick.

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