Tokyo stocks end mixed as dip-buying offsets losses

TOKYO, Oct. 24 (Xinhua) — Tokyo stocks ended mixed Thursday as buying on dips following the Nikkei index’s three-day losing streak offset selling amid an easing risk-off mood ahead of Japan’s general election and earnings releases by major companies.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 38.43 points, or 0.10 percent, from Wednesday at 38,143.29, snapping a three-day losing streak.
The broader Topix index, meanwhile, finished 1.39 points, or 0.05 percent, lower at 2,635.57.
Stocks opened lower but the market pared some losses in the morning as investors snapped up shares battered during the Nikkei’s fall of over 800 points this week, brokers said.
While buying in heavyweight chip shares helped boost the Nikkei, the upside was capped as caution remained over the upcoming House of Representatives election and domestic earnings reports, they added. ■