Tokyo stocks close higher on bargain hunting | Malay Mail

TOKYO, Jan 5 ― Tokyo stocks ended with gains today as investors sought bargains while digesting the impact of a cheaper yen.

The dollar stood at ¥116.00 against ¥116.12 in New York late yesterday, after the Japanese currency hit its lowest level in five years against the dollar. “But investors began bargain hunting and started placing buy orders once fell towards 29,200, allowing the market to trim losses,” Okasan Online Securities said.Sony Group jumped 3.67 per cent to ¥15,520, with investors cheered by the company's announcement that it would set up an electric vehicle unit.

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