Tokyo stocks open higher on firm chip shares after U.S. gains

Tokyo stocks opened higher Tuesday, boosted by semiconductor-related issues that tracked overnight advances by their U.S. counterparts.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 189.25 points, or 0.48 percent, from Monday to 39,227.41. The broader Topix index was up 10.23 points, or 0.37 percent, at 2,792.72.

On the top-tier Prime Market, gainers were led by oil and coal product, mining and nonferrous metal shares.

At 9 a.m., the U.S. dollar fetched 157.03-06 yen compared with 156.99-157.09 yen in New York and 156.99-157.01 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.0761-0765 and 168.98-169.08 yen against $1.0761-0771 and 168.92-169.02 yen in New York, and $1.0764-0765 and 168.99-169.03 yen in Tokyo late Monday afternoon.

© Kyodo News