Tokyo stocks open higher on Wall St. gains

Tokyo stocks opened higher Monday following gains on Wall Street late last week on expectations for a slowing in the pace of U.S. interest rate hikes after data showed the unemployment rate rose in October.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 209.36 points, or 0.77 percent, from Friday to 27,409.10. The broader Topix index was up 15.40 points, or 0.80 percent, at 1,930.80.

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

At 9 a.m., the dollar fetched 146.83-86 yen compared with 146.62-72 yen in New York and 147.88-89 yen in Tokyo at 5 p.m. Friday.

The euro was quoted at $0.9927-9931 and 145.76-85 yen against $0.9954-9964 and 146.01-11 yen in New York and $0.9765-9767 and 144.41-45 yen in Tokyo late Friday afternoon.

© Kyodo News