Tokyo stocks open higher on Wall St. gains, dividend-driven buying
TOKYO (Kyodo) -- Tokyo stocks opened higher Monday, tracking Wall Street gains late last week on expectations that tensions between the United States
Tokyo stocks initiated the trading day on a bullish note on Monday, mirroring the gains witnessed on Wall Street over the previous week. This upward trajectory was fueled by anticipations of a de-escalation in tensions between the United States and Iran, coupled with heightened dividend-driven buying activity. Within the initial 15 minutes of trading, the 225-share Nikkei Stock Average surged by 533.40 points, marking a 0.80 percent increase, bringing its value to 66,897.60.
The broader Topix index also experienced an uptick, climbing by 17.50 points, or 0.42 percent, to reach 4,146.09. In the premium Prime Market, the standout performers were precision instrument, glass, ceramic product, and electric appliance shares. At 9 a.m., the U.S. dollar exchanged hands at 157.43-44 yen, a slight improvement from the previous day's rates of 157.22-32 yen in New York and 158.09-11 yen in Tokyo.
Similarly, the euro was valued at $1.1378-1381, up from $1.1386-1396 and 179.13-14 yen in New York and Tokyo respectively, late Friday afternoon.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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