TOKYO (Kyodo) — Tokyo stocks were higher early Monday, lifted by dip-buying in some semiconductor-related shares amid a lack of fresh trading cues after the U.S. stock market was closed late last week for a public holiday.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 603.19 points, or 0.86 percent, from Friday to 70,347.26. The broader Topix index was up 30.45 points, or 0.75 percent, at 4,095.05.
On the top-tier Prime Market, the main gainers were machinery, construction, and iron and steel issues.
At 9 a.m., the U.S. dollar fetched 161.45-47 yen compared with 161.39-49 yen in New York and 160.77-79 yen in Tokyo at 5 p.m. Friday.
The euro was quoted at $1.1437-1437 and 184.65-67 yen against $1.1428-1438 and 184.49-59 yen in New York and $1.1455-1456 and 184.17-21 yen in Tokyo late Friday afternoon.
Leave a comment