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Business / Stock Market

Japan stocks up but ruling party's election defeat weighs

Published: 03 Jul 2017 - 10:06 am | Last Updated: 01 Nov 2021 - 04:27 am
Tokyo Governor and head of Tokyo Citizens First party Yuriko Koike smiles as she defeated Prime Minister Shinzo Abe's ruling party in metropolitan elections in the capital on July 2, 2017. Photo: Kyodo/via Reuters.

Tokyo Governor and head of Tokyo Citizens First party Yuriko Koike smiles as she defeated Prime Minister Shinzo Abe's ruling party in metropolitan elections in the capital on July 2, 2017. Photo: Kyodo/via Reuters.

AFP

Tokyo: Tokyo stocks edged up Monday but a pick-up in business confidence was offset by caution after Prime Minister Shinzo Abe's ruling party suffered a huge defeat in Tokyo elections.

Tokyo's benchmark Nikkei 225 gained 0.11 percent, or 22.37 points, to close at 20,055.80, while the Topix index of all first-section issues gained 0.16 percent, or 2.51 points, to 1,614.41.