Tokyo stocks open higher on Wall St. gains, weak yen vs. dollar

Tokyo stocks were higher in early trading Friday, tracking overnight gains on Wall Street, while the yen's weakness against the U.S. dollar supported some export-oriented shares.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 212.30 points, or 0.54 percent, from Thursday to 39,553.84. The broader Topix index was up 15.52 points, or 0.56 percent, at 2,809.22.

On the top-tier Prime Market, gainers were led by insurance, bank, and marine transportation issues.

At 9 a.m., the U.S. dollar fetched 160.69-72 yen compared with 160.72-82 yen in New York and 160.54-56 yen in Tokyo at 5 p.m. Thursday.

The euro was quoted at $1.0706-0710 and 172.03-13 yen against $1.0699-0709 and 172.03-13 yen in New York and $1.0689-0691 and 171.61-65 yen in Tokyo late Thursday afternoon.

The euro briefly hit 172.15 yen in New York, its lowest level since the European currency was introduced in 1999.

© Kyodo News