Tokyo stocks end higher on Wall Street rally but gains pared

©Kyodo News

Tokyo stocks ended higher Wednesday on upbeat U.S. shares overnight, but some earlier gains were pared on reports that the Tokyo metropolitan government is planning to ask restaurants serving alcohol to shorten their business hours for about three weeks as COVID-19 cases surge.

The 225-issue Nikkei Stock Average ended up 131.27 points, or 0.50 percent, from Tuesday at 26,296.86, its highest closing since May 9, 1991. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 5.27 points, or 0.30 percent, higher at 1,767.67.

Gainers were led by marine transportation, air transportation and mining issues.