Tokyo's stock market closed today's first session of the week higher on a strong performance by technology stocks after a number of US companies reported gains late last week.

Continued concerns about financial turmoil in the US and Europe weighed on the value of banking stocks, Kyodo reported.

The Nikkei-225 added 85.92 points, or 0.31 percent, to 27,471.17. 

The broader Topix index gained 7.94 points, or 0.41 percent, to 1,963.26. 

The best performers were the shares of land transport, real estate and wholesale trade companies. 

The dollar was trading around a high of 130 yen after briefly weakening to a six-week low of around 129 yen on Friday evening in Tokyo, prompting a sell-off in the Japanese currency. 

By noon Tokyo time, $1 was trading at 130.71-72 yen, compared with 130.69-79 in New York and 130.25-27 in Tokyo on Friday.

The euro traded at $1.0768-0772 and 140.75-81 yen, compared with $1.0757-0767 and 140.65-75 yen in New York and $1.0827-0829 and 141.03-07 yen in Tokyo. in Friday.

Wall Street closed Friday trading higher, led by technology stocks.

Investors are relying on a tried-and-tested strategy to deal with the current volatility in asset prices: buying shares of giant U.S. corporations that have led the markets in gains for years, Reuters reported.

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The shares of the five largest American companies by market capitalization, Apple, Microsoft, Alphabet, Amazon, and Nvidia, rose between 4 .5 percent and 12 percent from March 8 to the end of last week, Reuters reported. 

The Dow Jones Industrial Average added 132.28 points, or 0.41 percent, to 32,237.53. 

The broader Standard & Poor's 500 gained 22.27 points, or 0.56 percent, to 3,970.99. 

The high-tech Nasdaq increased by 36.56 points or 0.31 percent to 11,823.96 points, BTA notes. 

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