TOKYO: Tokyo stocks ended slightly higher today as a weaker yen boosted export-oriented automakers while many investors sat on the sidelines amid the Christmas holiday overseas, reported Xinhua.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 93.58 points, or 0.24%, from yesterday at 39,130.43.
The broader Topix index, meanwhile, ended 6.60 points, or 0.24%, higher at 2,733.86.
The benchmark Nikkei opened higher as buying was supported by overnight advances on Wall Street, but soon lost steam amid slow trading due to the Christmas holiday overseas.
“But the market regained momentum toward the close of trading in tandem with the yen’s decline,” analysts said.
Meanwhile, Chinese stocks closed lower today, with the benchmark Shanghai Composite Index down 0.01% to 3,393.35 points.
The Shenzhen Component Index closed 0.64% lower at 10,603.1 points.
The Hong Kong stock market is closed on Dec 25 and 26.