You are here

Tokyo: Stocks open 0.73% higher


[TOKYO] Tokyo stocks opened 0.73 per cent higher on Tuesday with investor sentiment lifted by a weaker yen and gains on Wall Street.

The Nikkei 225 index at the Tokyo Stock Exchange rose 141.05 points to 19,539.03 at the start.

The dollar was at 119.49 yen early on Tuesday, compared with 119.52 yen in New York late on Monday and down from 119.05 yen in Tokyo earlier on Monday.

A weaker yen is positive for Japanese exporters as it makes them more competitive abroad and increases profits when repatriated.

The euro bought $1.0932 and 130.63 yen on Tuesday against $1.0928 and 130.60 yen in US trade.