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  • Tokyo shares closed marginally higher Monday in sluggish trade with investors on the sidelines before corporate earnings announcements begin later this week. The benchmark Nikkei 225 index inched up 0.09 percent, or 21.06 points, to 22,717.48, while the broader Topix index rose 0.20 percent, or 3.18 points, to 1,577.03. "Trading remained stagnant due to lack of trading factors," said Toshikazu Horiuchi, a broker at IwaiCosmo Securities. The Nikkei index lost its early gain in afternoon trade but closed in positive territory as late bargain-hunting was offset by reported purchases of exchange-traded funds by the Bank of Japan, brokers said. "Players' focus is now shifting to first-quarter results" as the nation's earnings season will begin later this week, Horiuchi told AFP. Shortly before the opening bell, Japan's finance ministry said the nation's exports fell 26.2 percent and imports dropped 14.4 percent in June from a year ago, as the pandemic continues to discourage business activity around the world. Auto and auto parts exports led the falls in overall exports, while imports were hit by reduced oil and automobile inflows. The dollar stood at 107.27 yen in Asian afternoon trade, compared with 106.97 yen in New York Friday. Mitsubishi Heavy Industries jumped 1.55 percent to 2,703.5 yen after its rocket carrying probe developed by the United Arab Emirates bound for Mars successfully launched. Sony gained 1.65 percent to 8,249 yen but Nintendo lost 1.32 percent to 47,020 yen. East Japan Railway dropped 1.90 percent to 7,155 yen with ANA Holdings down 3.20 percent at 2,398 yen after the government scaled back its domestic travel campaign due to a recent surge in coronavirus infections. "Transport-related shares faced selling pressure due to disappointment at the 'Go-to' travel campaign," Horiuchi said. si/sah/je
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  • Tokyo shares edge up ahead of corporate results season
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