Tokyo stocks close up on hope for new government

SourceGulf Today
SectorFinancial Markets

Picture used for illustrative purpose. File Tokyo stocks closed higher for a third straight session on Monday on expectations that Japan's next government -- to be formed later this week -- will not make major policy shifts. The benchmark Nikkei 225 index gained 0.65 per cent, or 152.81 points, at 23,559.30, while the broader Topix index was up 0.88 per cent, or 14.46 points, at 1,651.10. Dealers were watching the ruling party's leadership election on Monday, effectively deciding more...