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Tokyo: Shares up, Sharp tumbles after Foxconn bailout

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[TOKYO] Tokyo shares closed higher on Thursday, boosted by higher oil prices, while Sharp tumbled nearly 15 per cent after accepting a multi-billion-dollar bailout from the parent company of Taiwan's Foxconn.

The benchmark Nikkei 225 index at the Tokyo Stock Exchanged gained 1.41 per cent, or 224.55 points, to close at 16,140.34, rising for the first time in three days.

The broader Topix index of all first-section shares was up 1.79 per cent, or 23.01 points, at 1,307.54.

AFP

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