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Tokyo stocks open higher on yen's depreciation, upbeat machinery orders data

Xinhua, May 19, 2016 Adjust font size:

Tokyo stocks opened higher Thursday as the market mood was in a risk-on mood following the yen's significant retreat against the U.S. dollar and in light of upbeat data released just before trading showing machinery orders for March had increased.

As of 9:15 a.m., the 225-issue Nikkei Stock Average gained 127.92 points, or 0.77 percent, from Wednesday to 16,772.61.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, increased 8.88 points, or 0.66 percent, to 1,347.26.

Notable early advancers comprised banking, insurance and marine transportation-linked issues. Enditem