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Tokyo stocks rise in morning on rate hike hopes after Fed chair speech, favorable yen

Xinhua, June 7, 2016 Adjust font size:

Tokyo stocks rose Tuesday morning mirroring a solid showing on Wall Street overnight as U.S. shares were lifted following Federal Reserve chair Janet Yellen not ruling out a rate hike next year, while a comparatively weak yen also underpinned the market.

The 225-issue Nikkei Stock Average gained 59.82 points, or 0.36 percent, from Monday to 16,639.85. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 4.96 points, or 0.37 percent, to 1,337.39.

Early notable gainers comprised mining, miscellaneous product and oil and coal product-linked issues. Endit