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Tokyo: Stocks open up 1.11%

Monday, October 6, 2014 - 08:21
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- PHOTO: AFP

[TOKYO] Tokyo stocks opened 1.11 per cent higher on Monday after the dollar jumped against the yen on a strong US jobs report.

The Nikkei 225 index rose 173.63 points to 15,882.28 at the start.

The Dow Jones Industrial jumped 1.24 per cent to 17,009.69 on Friday, after the Labor Department reported the US economy gained a strong 248,000 jobs in September.

The dollar was at 109.77 yen early Monday, almost flat from 109.75 yen in New York Friday afternoon but sharply up from 108.98 yen in Tokyo earlier Friday.

The euro was around its lowest level in more than two years against the dollar, buying US$1.2512 against US$1.2514 in US trade.

Against the Japanese currency, the euro was quoted at 137.36 yen against 137.33 yen. - AFP