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The weak yen and Alibaba are good for the Tokyo Stock Exchange

Stocks were supported by the strong dollar, with the yen at its lowest since October 2008 against the greenback – The market was also driven by the leap in Softbank shares (+4,5%) in view of Alibaba's debut on Wall Street , of which the group is the major shareholder.

The weak yen and Alibaba are good for the Tokyo Stock Exchange

Positive closing for the stock exchange Tokyo, with the index Nikkei which at the end of trading gains 0,28%, to 15.749,15 points. The Topix recorded a modest rise of 0,08%, to 1.299,62 points. The session was not very active, with 1,89 billion shares traded on the primary market.

The price lists were supported by the dollar strong, with the yen at its lowest since October 2008 against the greenback.

The market was also pushed by the leap in the shares of Softbank (+4,5%) in view of Alibaba's Wall Street debut, of which the group is the major shareholder. 

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