Tokyo stocks open higher on upbeat earnings reports

Economy

Tokyo stocks opened higher Thursday as high-tech issues tracked overnight gains on the technology-heavy U.S. Nasdaq index, while sentiment was lifted by a slew of upbeat earnings reports from Japanese firms. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 122.59 points, or 0.44 percent, from Wednesday to 27,706.67. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 3.45 points, or 0.18 percent, at 1,924.88. Gainers were led by iron and steel, marine transportation, and precision instrument issues. At 9 a.m., the dollar fetched 109...

Kyodo News

Kyodo News