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People walk past screens displaying stock market information in Tokyo, Japan, April 25, 2024. Tokyo stocks closed significantly lower on Thursday, snapping a three-day winning streak, as investors took steps to lock in gains amid concerns over corporate performance.(Xinhua/Zhang Xiaoyu)

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Tokyo stocks rebound as crude oil prices dip

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 1,519.67 points, or 2.88 percent, from Monday at 54,248.39.

TOKYO, March 10 (Xinhua) — Tokyo stocks ended higher on Tuesday, recovering some lost ground after crude oil prices retreated.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 1,519.67 points, or 2.88 percent, from Monday at 54,248.39.

The broader Topix index, meanwhile, finished 88.44 points, or 2.47 percent, higher at 3,664.28.

Stocks rebounded following a sharp fall in the benchmark West Texas Intermediate crude oil futures contract, a day after the Nikkei stock index logged its third-biggest drop on record.

Concern eased amid growing expectations for an early conclusion of the conflict in the Middle East following remarks by U.S. President Donald Trump that he expects the U.S.-Israeli military strikes against Iran would be over “soon,” analysts said.

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