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Tokyo stocks close higher on profit-taking

Tokyo stocks closed higher on Monday on profit-taking, as investors assessed the impact from eased, but still lingering, worries over Brexit and the US-China trade war.

The benchmark Nikkei 225 index rose 0.56 percent, or 118.85 points, to 21,318.42 at the close, while the broader Topix index ended higher by 0.91 percent, or 14.01 points, at 1,551.11.

"The issues of Britain's exit from the EU and the trade friction between the US and China eased last week but are still lingering and investors are eager to know what will happen," Mizuho Securities said in a note.

Given the lack of fresh market-moving news, trade was moving in a narrow range, it added.

The dollar fetched 106.89 yen in Asian trade, against 106.95 yen in New York late Friday.

In Tokyo, electronics were higher, with Sony ending up 2.13 percent at 6,496 yen and Canon up 0.60 percent at 2,809 yen.

Banks were also higher with Mitsubishi UFJ up 1.00 percent at 525 yen and Sumitomo Mitsui Financial up 0.34 percent at 3,538 yen.

Nissan was down 0.22 percent at 672.5 amid reports that its chief executive plans to resign after admitting he received more pay than he was entitled to.

Its rival Toyota closed up 0.88 percent at 7,092 yen while Honda ended down 0.25 percent at 2,727 yen.