Tokyo stocks open higher on weak yen, fall in crude oil futures

Tokyo stocks opened higher Tuesday as export-oriented shares were boosted a day after the U.S. dollar briefly rose to the 125 yen level for the first time in over six years, while an overnight decline in crude oil futures eased concerns about inflation.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 157.55 points, or 0.56 percent, from Monday to 28,101.44. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 6.55 points, or 0.33 percent, at 1,979.92.

Gainers were led by marine transportation, electric appliance and transportation equipment issues.

At 9 a.m., the dollar fetched 123.60-61 yen compared with 123.89-99 yen in New York and 123.92-93 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.0991-0992 and 135.85-87 yen against $1.0982-0992 and 136.06-16 yen in New York and $1.0951-0953 and 135.71-75 yen in Tokyo late Monday afternoon.

© Kyodo News