Tokyo stocks open higher on U.S. tech share gains, Japan policy hopes

© Kyodo News

Tokyo stocks opened higher Tuesday, boosted by overnight gains in the technology-heavy U.S. Nasdaq index, while hopes grew for additional steps to aid the economy as campaigning for Japan's Oct. 31 general election began.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 209.63 points, or 0.72 percent, from Monday to 29,235.09. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 8.63 points, or 0.43 percent, at 2,027.86.

Gainers were led by precision instrument, marine transportation and service issues.

At 9 a.m., the dollar fetched 114.29-30 yen compared with 114.26-36 yen in New York and 114.29-30 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.1613-1614 and 132.74-78 yen against $1.1605-1615 and 132.68-78 yen in New York and $1.1592-1593 and 132.49-53 yen in Tokyo late Monday afternoon.