Tokyo stocks open mixed on cooling U.S. inflation, firm yen

Tokyo stocks were mixed in early trading Thursday, as buying boosted by U.S. data showing cooling inflation was offset by selling of exporter issues on the back of a stronger yen.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 223.19 points, or 0.57 percent, from Wednesday to 39,099.90. The broader Topix index was down 2.54 points, or 0.09 percent, at 2,753.90.

On the top-tier Prime Market, gainers were led by machinery, service, and oil and coal product shares. The main decliners were insurance, electric power and gas, and marine transportation shares.

At 9 a.m., the U.S. dollar fetched 156.79-82 yen compared with 156.65-75 yen in New York and 157.26-28 yen in Tokyo at 5 p.m. Wednesday.

The euro was quoted at $1.0812-0813 and 169.51-60 yen against $1.0803-0813 and 169.34-44 yen in New York, and $1.0744-0746 and 168.97-169.01 yen in Tokyo late Wednesday afternoon.

© Kyodo News