The Business Times

Tokyo: Stocks open slightly higher

Published Tue, May 26, 2015 · 12:20 AM
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[TOKYO] Tokyo stocks opened slightly higher on Tuesday after a seven-day winning streak took it to a fresh 15-year high.

The Nikkei 225 index at the Tokyo Stock Exchange added 17.50 points, or 0.09 per cent, to 20,431.27 at the start after the recent gains on a weak yen and expectations for Japanese corporate earnings.

The dollar's rise was taking a breather with the greenback at 121.60 yen early Tuesday compared with 121.66 yen in Tokyo Monday afternoon.

The euro slipped US$1.0969 and 133.38 yen from US$1.0980 and 133.60 yen in Asian trade Monday.

Many markets around Europe and in New York closed Monday for public holidays.

Investors are watching closely for any new developments in talks between Greece and its international creditors over unlocking bailout funds, with no deal in sight and 300 million euros of payment due next week.

AFP

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