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Tokyo: Stocks open 0.89% higher

Monday, February 23, 2015 - 09:10
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[TOKYO] Tokyo stocks opened 0.89 per cent higher on Monday, after eurozone ministers agreed to extend Greece's bailout by four months.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange, which hit its highest level in 15 years last week, added 163.02 points to 18,495.32 at the start.

The euro was at $1.1383 and 135.55 yen early Monday, compared with US$1.1381 and 135.51 yen in New York Friday afternoon.

The dollar bought 119.08 yen against 119.03 yen in US trade.

On Friday, US stocks bolted to fresh records after the eurozone conditionally gave Greece a four-month debt bailout extension, easing worries over its future in the eurozone.

The Dow Jones Industrial Average gained 0.86 per cent to 18,140.44, notching its first record of 2015.

The broad-based S&P 500 rose 0.61 per cent to 2,110.30.

The bailout will be extended as long as Greece sets out key reform commitments by Monday, Eurogroup chief Jeroen Dijsselbloem said following a meeting with finance ministers in Brussels.

AFP