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Tokyo stocks rose for the third straight session on Tuesday, as investor sentiment improved following rallies on Wall Street with expectations growing for a year-end shopping spree, reports BSS/AFP.
The benchmark Nikkei 225 index gained 0.64 percent or 140.40 points to close at 21,952.40, while the broader Topix index was up 0.73 percent or 11.96 points at 1,644.16.
“The Tokyo market took a positive lead from New York, where stocks rallied with a sound beginning to the year-end shopping season,” said Shinichi Yamamoto, broker at Okasan Securities.
Markets were also in bullish mood after oil prices stabilised, Britain sealed a Brexit deal with the EU and Italy signalled a more conciliatory stance in a budget fight with Brussels, analysts said.
“But investors refrained from buying further due to concerns over US-China talks,” Yamamoto said.