Tokyo: Shares open 0.58% higher after Wall Street gains

[TOKYO] Tokyo shares opened 0.58 per cent higher on Tuesday, tracking rises on Wall Street on brisk corporate earnings with a weaker yen and oil prices also seen boosting market sentiment.

The Nikkei index at Tokyo Stock Exchange rose 114.57 points to 20,765.49 in the first minutes of trading.

Overnight in New York, the Nasdaq edged up to a third straight record high as solid earnings from toymaker Hasbro and others kicked off a heavy week of quarterly results.

The tech-rich Nasdaq Composite Index finished at 5,218.86, up 0.17 per cent, while the Dow Jones Industrial Average edged up 0.08 per cent to 18,100.41.

In Tokyo forex trade, the dollar firmed to 124.35 yen from 124.30 yen in New York late Monday.

The euro fetched US$1.0827 and 134.65 yen, slightly up from US$1.0824 and 134.55 yen in US trade.

In the Tokyo Stock Exchange, shares in Toshiba soared 5.78 per cent to 398.6 yen in opening trade after a team of company-hired investigators confirmed that the firm "systematically" inflated profits over several years.

They eased to 388.6 yen, up 3.13 per cent in early morning trade.

AFP