TOKYO: Tokyo shares closed up 0.38 per cent on late bargain-hunting after swinging between gains and losses.
It followed a weak session on Wall Street and worries about the Chinese economy.
The Nikkei 225 index at the Tokyo Stock Exchange rose 68.31 points to end at 17,860.47, while the Topix index of all first-section shares edged up 0.08 per cent, or 1.12 points, to 1,445.65.
The late bargain-hunting in Tokyo followed a volatile morning session amid concerns about China’s economy as mainland markets reopened after an extended holiday weekend.
“The Nikkei index ended in positive territory as players bought back shares which lost ground heavily in the past weeks,” said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.
The Nikkei slumped seven per cent last week.
Adding to concerns about China, Beijing on Monday lowered the country’s GDP growth figure for last year by 10 basis points to 7.3 per cent.
In the United States, Friday’s release of a mixed August US jobs report pushed down Wall Street stocks and left the prospect of an early US rate rise uncertain at best.
“Trading is likely to remain volatile at least until the Fed makes a rate hike decision,” Horiuchi said.
