Tokyo Stocks Close Up, Takata Shares Surge

Umer Jamshaid Published June 23, 2017 | 01:05 PM

Tokyo stocks close up, Takata shares surge

TOKYO, , (UrduPoint / Pakistan Point News - 23rd Jun, 2017 ) - Tokyo stocks ended Friday slightly higher after a day short of key market-moving events, while airbag supplier Takata rallied after several days of losses before an expected bankruptcy filing.

Some oil-linked firms ticked up as crude saw a rare positive day on Thursday after a period of heavy selling that has sent the commodity to a 10-month low. "The oil market is still going sideways, but the fact that it's halted its decline is a source of encouragement," Hideyuki Ishiguro, a senior strategist at Daiwa Securities, told Bloomberg news.

Tokyo's benchmark Nikkei 225 index gained 0.11 percent, or 22.16 points, to close at 20,132.67. Over the week the index edged up 0.95 percent.

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