The FINANCIAL — Tokyo stocks extended their gains on July 26, with the Nikkei Stock Average ending above the 9,500 line, according to Nikkei.com.
Buoyed the rise in U.S. stocks on July 23, the yen's decline, and hopes for robust April-June corporate earnings, the benchmark index traded in positive territory all day.
Many investors were also reassured by the results of the European stress tests for banks, the results of which were released Friday by the Committee of European Banking Supervisors.
This helped push the 225-issue index more than 100 points higher in morning trade. But the market lost momentum in the afternoon, with investors moving to lock in gains.
The index ended the day up 72.70 points, or 0.77%, from July 23 at 9,503.66.
Trading value on the Tokyo Stock Exchange's first section was estimated at 949.2 billion yen, falling short of the 1 trillion yen mark.