Tokyo: Stocks open higher as exporters surge on weaker yen
Published Mon, Aug 29, 2016 · 12:47 AM
[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
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
US dollar soft on renewed Fed rate cut bets; yen on back foot
South Korea’s probe alleges 211.2 billion won of illegal short trades
Asia: Markets build on rally as US jobs data boost rate cut hopes
Zero-day options boom will only grow even as some investors fear disaster
Singapore stocks open in the black on Monday; STI up 0.3%
Stocks to watch: Singtel, Venture Corp, ARA H-Trust, YHI International, LHN