Wall Street’s rise, weaker yen push Tokyo stocks upJanuary 19th, 2009 - 9:58 am ICT by IANS
Tokyo, Jan 19 (DPA) Stocks opened higher Monday in Tokya on Wall Street’s Friday rises and a weaker yen.The Nikkei 225 Stock Average went up 62.92 points, or 0.76 per cent, to 8,293.07.
The broader Topix index of all First Section issues was up 3.04 points, or 0.37 percent, to 820.93.
On currency markets at 9 a.m. (0000 GMT), the dollar was quoted at 91.19-24 yen, up from Friday’s 5 p.m. quote of 90.29-32 yen. A weaker yen helps boost earnings of Japanese exporters and makes Japanese products cheaper overseas.
The euro was quoted at 1.3358-63 dollars, up from late Friday’s quote of 1.3237-40 dollars, and at 121.86-91 yen, up from 119.54-58 yen.