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Tokyo: Stocks open higher as exporters surge on weaker yen

Monday, August 29, 2016 - 08:47
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[TOKYO] Tokyo stocks opened higher on Monday after the yen weakened on Federal Reserve chief Janet Yellen's suggestion last week that US interest rates could rise in the near term, boosting exporters.

The benchmark Nikkei 225 index soared 1.65 per cent, or 270.35 points, to 16,631.06 in opening deals, while the broader Topix index of all first-section shares also rose 1.65 per cent, or 21.27 points, to 1,309.17.

AFP