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Tokyo stocks rise in early trade on yen's retreat, cheap buybacks

Xinhua, April 12, 2016 Adjust font size:

Tokyo stocks opened higher Tuesday as investors bought back issues on the cheap, with sentiment buoyed by a comparatively weak yen versus the U.S. dollar.

As of 9:15 a.m., the 225-issue Nikkei Stock Average rose 164.74 points, or 1.05 percent, from Monday to 15,915.87.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, increased 14.89 points, or 1.16 percent, to 1,294.68.

Notable early gainers were led by banking, marine transportation, and pharmaceutical-linked stocks. Endit