Tokyo
Tokyo’s benchmark Nikkei index rallied more than 1.3 percent Monday on bargain-hunting, with the market bracing for the US presidential election. The Nikkei 225 index rose 1.39 percent, or 318.35 points, to close at 23,295.48, snapping a five-day losing streak. The broader Topix index gained 1.81 percent, or 28.62 points, to 1,607.95. “It’s quite natural to see shares rebound following last week’s sharp decline,” said Toshikazu Horiuchi, a broker at IwaiCosmo Securities. “After a round of buying back, however, players remained sidelined, waiting to see the results of the US presidential election.—AFP
