Tokyo stocks close higher on tech buying amid cooling U.S. inflation data
TOKYO, May 16 (Xinhua) -- Tokyo stocks closed higher on Thursday, following Wall Street rallies after the U.S. consumer price index for April showed signs of cooling inflation which fueled hopes for interest rate cuts.
Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 534.53 points, or 1.39 percent, from Wednesday at 38,920.26.
The broader Topix index, meanwhile, finished