Tokyo Stock Market Rises as Yen Weakens Against U.S. Dollar

 

 August 28 (Xinhua) — Tokyo stocks closed higher on Wednesday, buoyed by a weakening Japanese yen against the U.S. dollar.

Market Performance: Japan's benchmark Nikkei 225 Index saw an increase of 83.14 points, or 0.22 percent, closing at 38,371.76. The broader Topix Index also ended the day up by 11.32 points, or 0.42 percent, reaching 2,692.12.

Market Drivers: Observers noted that the yen's modest depreciation in the afternoon session provided a boost to export-related stocks. However, overall gains in the Tokyo market were tempered as investors awaited earnings results from U.S. semiconductor giant Nvidia Corp.

Sector Highlights: On the Prime Market, notable gainers included stocks in the transportation equipment, insurance, and pharmaceutical sectors.