Japan stocks up but ruling party's election defeat weighs

 03 Jul 2017 - 10:06

Japan stocks up but ruling party's election defeat weighs
Tokyo Governor and head of Tokyo Citizens First party Yuriko Koike smiles as she defeated Prime Minister Shinzo Abe's ruling party in metropolitan elections in the capital on July 2, 2017. Photo: Kyodo/via Reuters.

AFP

Tokyo: Tokyo stocks edged up Monday but a pick-up in business confidence was offset by caution after Prime Minister Shinzo Abe's ruling party suffered a huge defeat in Tokyo elections.

Tokyo's benchmark Nikkei 225 gained 0.11 percent, or 22.37 points, to close at 20,055.80, while the Topix index of all first-section issues gained 0.16 percent, or 2.51 points, to 1,614.41.