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Tokyo stocks open higher on yen's retreat, hopes for further BOJ easing

Xinhua, July 27, 2016 Adjust font size:

Tokyo stocks gained from the bell on Wednesday as investor sentiment was lifted by the U.S. dollar regaining some ground on the yen and on expectations the Bank of Japan (BOJ) will issue new monetary easing measures at the conclusion of its monthly policy board meeting this week.

As of 9:15 a.m., the 225-issue Nikkei Stock Average gained 252.17 points, or 1.54 percent, from Tuesday to 16,635.21.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 15.50 points, or 1.19 percent, to 1,322.44.

The majority of industry categories on the main section advanced into positive territory in the first 15 minutes of trade, with financial stocks, rubber product and transportation equipment-linked issues comprising the early notable advancers. Endit