Tokyo stocks open higher on US market’s rebound

January 16th, 2009 - 10:52 am ICT by IANS  

Tokyo, Jan 15 (DPA) Tokyo stocks opened higher Friday on the back of an overnight rebound in the US market and a weaker yen.The Nikkei 225 Stock Average, which lost nearly five percent the previous day, advanced 101.62 points, or 1.27 percent, to 8,124.93 in early trading.

The broader Topix index of all First Section issues was also up 9.54 points, or 1.2 percent, to 805.53.

On the currency markets at 9 a.m., the dollar was quoted at 89.94-99 yen, up from Thursday’s 5 p.m. quote of 89.07-09 yen.

The euro traded at $1.3157-62, up from Thursday’s 5 p.m. quote of $1.3149-50, and at 118.38-43 yen, up from 117.12-16 yen.

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