Tokyo stocks open up after Wall St. advances but capped as gains locked in
TOKYO (Kyodo) -- Tokyo stocks opened higher Wednesday, tracking overnight gains on Wall Street after the upward trend of U.S. Treasury yields eased, b
Tokyo stocks started the day on an upward trajectory on Wednesday, mirroring the positive momentum from Wall Street. The upward trend in U.S. Treasury yields had softened, contributing to the bullish sentiment. Within the initial 15 minutes of trading, the Nikkei Stock Average, which tracks 225 issues, gained 35.84 points, or 0.05 percent, bringing its value to 70,719.82.
The broader Topix index also saw a rise, adding 14.40 points, or 0.34 percent, to reach 4,197.96. The Prime Market, the top-tier segment, experienced its share of gains, primarily driven by nonferrous metal, construction, electric power, and gas-related securities. At 9 a.m., the U.S. dollar traded at 158.31-32 yen, a slight improvement from the 158.07-17 yen level seen in New York and 158.10-13 yen in Tokyo at 5 p.m. the previous day.
The euro was also quoted against the dollar, with the rate standing at $1.1253-1253 and 178.13-15 yen, slightly different from the 158.07-17 yen and 178.00-10 yen levels in New York and Tokyo respectively.
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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