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ETFs and ethical investing support red-letter day in Tokyo market

Short-term supply-demand relief, long-term investment appeal lift spirits

Japanese equities continued to climb Tuesday, gaining in the afternoon.

TOKYO -- The Nikkei Stock Average extended a summertime rally Tuesday, encouraged by two E's: ETFs, or exchange-traded funds; and ESG, the environmental, social and governance criteria that many investors use to screen their targets.

The benchmark average ended the day nearly 0.6% higher at 20,195, within reach of June 20's year-to-date closing high of 20,230. The index dipped slightly early before swerving upward and gaining in the afternoon.

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