Tokyo stocks open higher as gov't data raise economic reopening hopes

© Kyodo News

Tokyo stocks opened higher Tuesday as hopes for an easing of restrictions on economic activity were strengthened by the latest government data showing progress in Japan's coronavirus vaccination program.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 102.06 points, or 0.34 percent, from Monday to 30,549.43, topping a 30-year closing high set on Feb. 16.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 8.33 points, or 0.40 percent, at 2,106.04.

Gainers were led by insurance, oil and coal product and securities house issues.

The government said Monday that more than half of Japan's population has been fully vaccinated against the coronavirus, with the nation making up ground on countries such as the United States.

At 9 a.m., the dollar fetched 109.99-110.00 yen compared with 109.95-110.05 yen in New York and 110.08-09 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.1810-1810 and 129.90-91 yen against $1.1805-1815 and 129.87-97 yen in New York and $1.1786-1787 and 129.74-78 yen in Tokyo late Monday afternoon.