Tokyo stocks end up 1.1% Tuesday

Tokyo stocks continued to rise Tuesday, with the Nikkei Stock Average climbing 95.4 points, or 1.1%, to end the day at 8,729.29. It was the first time for the benchmark index to close above 8,700 since Thursday, when it ended the day at 8,876, according to (Nikkei) website. Overnight gains on Wall Street and a pause in the yen's rise prompted buying of a broad range of issues, especially exporters. Cyclical issues, such as construction machinery makers, marine shippers and steelmakers, advanced after speculation surfaced that China will draw up economic stimulus measures, including infrastructure investment. However, upward momentum was limited by lingering concern about the outlook for Greece's financial trouble, with the Nikkei average losing steam toward the market close. The trading value on the first section of the Tokyo Stock Exchange totaled about 917.9 billion yen on a preliminary basis, falling below 1 trillion yen for the second straight day