Tokyo stocks open higher on firm Wall St., strong yen weighs

Tokyo stocks opened slightly higher Monday as gains following advances on Wall Street late last week were mostly offset by selling on the yen's recent strengthening against the U.S. dollar.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 9.37 points, or 0.03 percent, from Friday to 27,811.01. The broader Topix index was up 2.30 points, or 0.12 percent, at 1,942.61.

On the top-tier Prime Market, gainers were led by marine transportation, rubber product, and wholesale trade issues.

At 9 a.m., the dollar fetched 133.37-38 yen compared with 133.17-27 yen in New York and 132.77-79 yen in Tokyo at 5 p.m. Friday.

The euro was quoted at $1.0209-0213 and 136.14-21 yen against $1.0221-0231 and 136.22-32 yen in New York and $1.0234-0236 and 135.88-92 yen in Tokyo late Friday afternoon.

© Kyodo News