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rdf:type	schema:NewsArticle
schema:articleBody	Tokyo shares closed higher Wednesday on renewed hopes for a US stimulus package that also fuelled gains on Wall Street, and optimism over the development of coronavirus vaccines. The benchmark Nikkei 225 index closed 0.31 percent, or 72.42 points, higher at 23,639.46, while the broader Topix index gained 0.73 percent, or 11.86 points, to 1,637.60. "The Nikkei average started the day with buy orders leading the way after major US indices all surged overnight on hopes for additional economic measures," Okasan Online Securities said in a note. In a dramatic political development, US House Speaker Nancy Pelosi told media that lawmakers were starting to write stimulus-spending legislation, and voiced optimism that it can win bipartisan support. If a deal is reached, Tokyo stocks would gain further, although investors may refrain from major market moves until after the US election, Okasan said. On Tuesday, perceived uncertainty around the US stimulus-package negotiations had driven down the Tokyo market, SMBC Nikko Securities said in a note. But "optimism returned and encouraged buying" on Wednesday, it added. Buying did not last beyond the 23,700 mark, where players began to lock in profit. "A mix of profit-taking and bargain-hunting kept the index in a narrow range," Okasan said. "The afternoon session lacked news, and the index stayed within the current range through the closing bell." The dollar fetched 105.22 yen, down slightly from 105.45 yen in New York on Tuesday. A broad range of shares enjoyed solid gains, with 31 of the 33 business sectors recognised by the Tokyo Stock Exchange marking rises. Steel, mining and marine transportation issues performed particularly well. Nippon Steel surged 3.25 percent to 1,126.5 yen. Shipping firm Nihon Yusen Kabushiki Kaisha reached its yearly high at 2,021 yen, up 2.85 percent. Toyota added 1.62 percent to 7,009 yen. Mitsubishi UFJ Financial Group advanced 1.75 percent to 424.9 yen. Chipmaker Rohm jumped 4.79 percent to 8,750 after it revised up earning forecasts. Sony gave up earlier gains and ended down 0.05 percent at 7,896 yen, while SoftBank Group fell 0.71 percent to 7,089 yen. hih/kaf/qan
schema:headline	Tokyo shares rise on US stimulus hopes
schema:mentions	Closing Bell American Recovery and Reinvestment Act of 2009 Sony Toyota USA Gymnastics United States dollar Speaker of the United States House of Representatives Nancy Pelosi New York City Nikko London Rohm Nippon Steel Sumitomo Mitsui Banking Corporation Mitsubishi UFJ Financial Group The Nikkei Maritime transport SoftBank Group Japanese yen Nikkei 225 Tokyo Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	49 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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