Tokyo stocks rose for a second session Monday, helped by bargain hunting in smokestack issues and futures-linked buying. The U.S. dollar was lower against the Japanese yen.
The Nikkei Stock Average of 225 selected issues on the Tokyo Stock Exchange gained 160.27 points, or 1.72 percent, to close at 9,487.80. On Friday the index gained 61.97 points, or 0.67 percent.
The dollar was trading at 118.62 yen on the Tokyo foreign exchange market at 5 p.m. (0800 GMT) Monday, down 0.30 yen from 118.92 late Friday and also below the 119.04 yen it bought later in New York that day.
On the stock market, bargain hunters picked up shares in smokestack industries, encouraged by the release of better-than-expected machinery orders last Friday. Winners included heavy equipment manufacturer Komatsu and steelmaker Nippon Steel.
Some blue-chip technology stocks including NEC, Sony and Toshiba also closed up.
The Nikkei got a boost from futures-linked buying in the afternoon.
The broader Tokyo Stock Price Index was up 11.05 points, or 1.20 percent, at 928.52. The TOPIX, which includes more than 1,000 of Japan's largest companies, gained 1.56 points, or 0.17 percent, Friday.
Trading was sluggish, with some investors sidelined ahead of Buddhist summer holidays later this week and the release of gross domestic product data on Tuesday.
An estimated 811.22 million shares changed hands, down from 1.103 billion shares Friday.
Rising shares outnumbered decliners 952 to 433, with 138 issues closing unchanged.
On the currency market, the dollar fluctuated between 118.45 yen and 119.17 yen.
In other currencies, the euro bought US$1.1283 Monday afternoon in Tokyo, down from US$1.1342 late Friday. Against the yen, the euro was quoted at 133.87 yen, down from 134.82 yen.
The yield on the benchmark 10-year bond was quoted at 0.8850 percent Monday afternoon, up from 0.8700 late Friday. Its price fell 0.13 to 100.99.
The Nikkei Stock Average of 225 selected issues on the Tokyo Stock Exchange gained 160.27 points, or 1.72 percent, to close at 9,487.80. On Friday the index gained 61.97 points, or 0.67 percent.
The dollar was trading at 118.62 yen on the Tokyo foreign exchange market at 5 p.m. (0800 GMT) Monday, down 0.30 yen from 118.92 late Friday and also below the 119.04 yen it bought later in New York that day.
On the stock market, bargain hunters picked up shares in smokestack industries, encouraged by the release of better-than-expected machinery orders last Friday. Winners included heavy equipment manufacturer Komatsu and steelmaker Nippon Steel.
Some blue-chip technology stocks including NEC, Sony and Toshiba also closed up.
The Nikkei got a boost from futures-linked buying in the afternoon.
The broader Tokyo Stock Price Index was up 11.05 points, or 1.20 percent, at 928.52. The TOPIX, which includes more than 1,000 of Japan's largest companies, gained 1.56 points, or 0.17 percent, Friday.
Trading was sluggish, with some investors sidelined ahead of Buddhist summer holidays later this week and the release of gross domestic product data on Tuesday.
An estimated 811.22 million shares changed hands, down from 1.103 billion shares Friday.
Rising shares outnumbered decliners 952 to 433, with 138 issues closing unchanged.
On the currency market, the dollar fluctuated between 118.45 yen and 119.17 yen.
In other currencies, the euro bought US$1.1283 Monday afternoon in Tokyo, down from US$1.1342 late Friday. Against the yen, the euro was quoted at 133.87 yen, down from 134.82 yen.
The yield on the benchmark 10-year bond was quoted at 0.8850 percent Monday afternoon, up from 0.8700 late Friday. Its price fell 0.13 to 100.99.