Tokyo stocks open higher on weak yen, strong chip shares

Tokyo stocks opened higher Tuesday as the yen's weakness against the U.S. dollar lifted export-oriented issues, while semiconductor-related shares tracked gains in their U.S. counterparts overnight.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 180.77 points, or 0.47 percent, from Monday to 38,360.23. The broader Topix index was up 9.42 points, or 0.35 percent, at 2,733.50.

On the top-tier Prime Market, gainers were led by miscellaneous product, marine transportation and transportation equipment shares.

At 9 a.m., the dollar fetched 156.22-25 yen compared with 156.19-29 yen in New York and 155.88-89 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.0790-0794 and 168.56-66 yen against $1.0785-0795 and 168.49-59 yen in New York, and $1.0775-0776 and 167.97-168.01 yen in Tokyo late Monday afternoon.

© Kyodo News