Economic recovery: Tokyo stocks closed slightly higher as Biden’s vaccination pledge raises hopes

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Tokyo stocks closed slightly higher on Monday as U.S. President Joe Biden’s vaccination pledge raised hopes for the recovery of the pandemic-hit economy, along with data showing that U.S. consumer sentiment had improved in March.

The 225-issue Nikkei Stock Average ended up 49.14 points, or 0.17 per cent, on Friday at 29,766.97.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, finished 17.67 points, or 0.91 per cent, higher at 1,968.73.

Gainers were led by marine transportation, air transportation and bank-oriented issues. (Xinhua/NAN)

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