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Tokyo: Stocks open 3.2% higher

Olam International Limited announced on Friday the repurchase of a principal amount of US$10.3 million of its US$500 million principal amount of 6 per cent convertible bonds due 2016.

[TOKYO] Tokyo stocks opened sharply higher on Friday, following overnight gains on Wall Street and in Europe on hints of additional European Central Bank stimulus and a rise in oil prices from 12-year lows.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange advanced 3.20 per cent, or 512.12 points, to 16,529.38 in opening deals, while the broader Topix index of all first-section shares gained 3.18 per cent, or 41.40 points, to 1,342.89.