Tokyo stocks ended higher Monday, after reassurances by Prime Minister Fumio Kishida on his economic policies heartened sentiment, but prices remained well below a 31-year high marked in mid-September as skepticism over the new leader’s approach added to concerns about the post-pandemic growth outlook.
The 225-issue Nikkei Stock Average ended up 449.26 points from Friday to close at 28,498.20, but was still 7% below its recent high point. The market has also been rattled by China Evergrande Group’s debt crisis as well as rising long-term U.S. Treasury yields and higher oil prices.
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