Tokyo stocks open sharply higher after Wall St. gains

Tokyo stocks opened sharply higher Tuesday, as overnight gains on Wall Street spurred bargain-hunting after two consecutive days of losses.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 586.51 points, or 1.85 percent, from Monday to 32,245.54. The broader Topix index was up 35.68 points, or 1.57 percent, at 2,309.22.

On the top-tier Prime Market, gainers were led by precision instrument, service and electric appliance issues.

At 9 a.m., the U.S. dollar fetched 149.58-59 yen compared with 149.46-56 yen in New York and 149.56-58 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.0552-0556 and 157.83-94 yen against $1.0555-0565 and 157.82-92 yen in New York, and $1.0534-0535 and 157.55-59 yen in Tokyo late Monday afternoon.

© Kyodo News