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Tokyo stocks edge higher in morning as yen's slide lifts exporters

Xinhua, August 30, 2016 Adjust font size:

Tokyo stocks edged higher in the morning Tuesday as hopes for further easing by both the U.S. Federal Reserve and the Bank of Japan underpinned sentiment, with the yen's slide against the U.S. dollar nudging investors to pick up exporter issues.

The 225-issue Nikkei Stock Average inched up 5.83 points, or 0.03 percent, from Monday to 16,743.32.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, edged 1.26 points, or 0.10 percent, higher, to 1,314.50.

Notable gainers by the morning break comprised nonferrous metal, banking, and oil and coal product-linked issues. Endit