Tokyo: Stocks open 0.89% higher
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Why the yen is so weak and what that means for Japan
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce