Tokyo stocks open higher as weak yen lifts exporters

Tokyo stocks opened higher Wednesday, led by buying of export-related issues on the yen's weakness against the U.S. dollar.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 115.69 points, or 0.41 percent, from Tuesday to 28,039.06. The broader Topix index was up 10.39 points, or 0.52 percent, at 2,002.24.

Gainers included transportation equipment, wholesale trade, and information and communication shares.

At 9 a.m., the U.S. dollar fetched 133.58-61 yen compared with 133.66-76 yen in New York and 133.13-16 yen in Tokyo at 5 p.m. Tuesday.

The euro was quoted at $1.0914-0918 and 145.79-88 yen against $1.0908-0918 and 145.89-99 yen in New York, and $1.0895-0896 and 145.06-10 yen in Tokyo late Tuesday afternoon.

© Kyodo News