The benchmark Nikkei 225 index rose 0.55 per cent, or 160.52 points, to 29,518.34, while the broader Topix index gained 0.99 per cent, or 19.22 points, to 1,952.27. — Reuters picTOKYO, May 10 — Tokyo stocks closed higher Monday on hopes for economic recovery in the United States, with investors digesting corporate results ahead of the peak of Japan’s earnings season.
Japanese share prices were sustained by US recovery hopes after disappointing US jobs data fuelled confidence that fiscal and monetary support will continue, brokers said. Mitsubishi Heavy jumped 4.79 per cent to ¥3,502 after its full-year net profit more than halved, but still beat its early estimate.
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