Tokyo stocks open higher as yen's retreat spurs buying
Xinhua, September 5, 2016 Adjust font size:
Tokyo stocks opened higher on Monday as the yen retreated versus the U.S. dollar following a U.S. jobs report released at the end of last week missing expectations and dashing hopes that the U.S. Federal Reserve will hike its interest rate in the near future.
As of 9:15 a.m., the 225-issue Nikkei Stock Average advanced 186.05 points, or 1.10 percent, from Friday to 17,111.73, marking the first time the index has breached the 17,000 line in almost three months.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 13.48 points, or 1.01 percent, to 1,354.24.
On the main section, all industry categories advanced into positive territory, with marine transportation, insurance and oil and coal product issues leading notable gainers. Endit