Tokyo stocks open higher as weaker yen boosts exporters

Economy

Tokyo stocks opened in the positive on Wednesday, with the Nikkei index hitting a new 34-year intraday high led by buying of exporters after the yen weakened overnight against the U.S. dollar.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 438.74 points, or 1.23 percent, from Tuesday to 36,057.92. The broader Topix index was up 22.57 points, or 0.90 percent, at 2,526.55.

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

At 9 a.m., the dollar fetched 147.23-24 yen compared with 147.12-22 yen in New York an...

Kyodo News

Kyodo News