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Tokyo stocks open higher on yen's retreat, optimism ahead of Trump's speech

Xinhua, March 1, 2017 Adjust font size:

Tokyo stocks opened higher Wednesday as the yen's retreat against the U.S. dollar gave exporter-linked issues an early boost, while hopes that U.S. President Donald Trump's speech to Congress will lay out concrete details on economic policies added to an upbeat mood.

As of 9:15 a.m. local time, the 225-issue Nikkei Stock Average gained 225.25 points, or 1.18 percent, from Tuesday to 19,344.24.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 15.72 points, or 1.02 percent, to 1,551.04.

Issues among early gainers included oil and coal product, insurance and transportation equipment-linked stocks and all industry categories on the main section advanced into positive territory in early play. Endit