October 10, 2024

Nikkei Closes Higher Amid Wall Street's Solid Gains, Yen Weakness

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Among the best performers on the benchmark index, SoftBank Group rose 4.0%, Rakuten Group added 2.8% and Sumitomo Electric Industries was up 2.5%. Yen weakness, which typically benefits the overseas earnings of Japanese exporters when repatriated to Japan, may also have aided the local stock market.

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