Tokyo's main Nikkei index closed higher on Friday as the dollar's rebound encouraged buying, but the broader Topix was down, with little fresh news to guide investors.[TOKYO] Tokyo's main Nikkei index closed higher on Friday as the dollar's rebound encouraged buying, but the broader Topix was down, with little fresh news to guide investors.
The broader Topix index was down 0.07 per cent or 1.12 points at 1,605.40, falling 1.25 per cent since last Friday's close. Struggling engineering firm Toshiba dropped 2.71 per cent to 3,585 yen after it announced that Chinese chemicals maker ENN Ecological Holdings had decided not to buy the Japanese firm's liquefied natural gas operations in the United States.
Panasonic jumped 2.75 per cent to 1,015 yen following a report that the firm was suspending plans with US electric vehicle maker Tesla to expand a battery plant in Nevada due to weak demand for the vehicles.
Source: News Formal (newsformal.com)
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