The Tokyo stock market advances thanks to the strong dollar

The Tokyo stock market gains resumed today after three days down, thanks to the strong dollar and rises in other Asian markets, although the turnover was lower because it is a holiday in the U.S..

The Nikkei gained 133.83 points, 1.31% to 10,320.94 points while the broader Topix index, which groups all the values of the first section, rose 8.86 points, 0.94%, 944.60 to the whole.

The gains were greater among real estate companies, shipping and steel, while losses stressed the values of consumer finance, retail and electricity and gas.

At the beginning of the session, the strength of the dollar encouraged investors.

The U.S. currency was stabilized in the range of 93 yen, which favored the major exporters Nipponese, very influenced by the currency markets.

Also, the upward closure Friday on Wall Street gains favored the floor tokiota the absence of new indicators on the progress of the economy.

"Stocks in Tokyo seem to be below its real value, after falling more than 4% from the peak reached in eleven months on 26 August," said HIROICHI Nishi, an analyst at Nikko Cordial, a local agency Kyodo.

Analysts say it is too early to know the effects they may have on the economy the reforms proposed by the elected Prime Minister Yukio Hatoyama of the Democratic Party (PD), so that investors are guided by signals from outside markets.

The DP won the general election on 30 August to Liberal Democratic Party (LDP), the party that dominated Japan's politics for more than half a century.

This was the day with little activity since Jan. 19 because it is a holiday in America for Labor Day, celebrated the first Monday in September.

Turnover was 1517.07 million shares, down from 1924.27 million Friday.

In the first section, 862 securities advanced while 644 fell and 180 were unchanged.

Technology stocks followed the trend of the sector on Wall Street and posted gains, such as Toshiba and Sony, which was up 3%.

Nomura Holdings, which rose five tenths of a percent, was the day's value leader, while the volume leader, Mizuho Financial, showed no variation at the end of the day.