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Home International Markets

Tokyo stocks open 0.56% higher, Nikkei 225 adds 119.55pts

byCustoms Today Report
23/06/2015
in International Markets
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TOKYO: Tokyo stocks opened 0.59 percent higher Tuesday, backed by a weaker yen and a global equities rally on hopes for a Greek debt deal.

The Nikkei 225 index at the Tokyo Stock Exchange gained 119.55 points to 20,547.74 at the start.

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The dollar was firm in a positive move for Japanese exporters, trading at 123.38 yen against 122.73 yen before the Tokyo bourse closed on Monday.

Signs of a potential breakthrough in talks between Greece and official creditors sparked a huge rally in European equity markets and a new record in the United States on Monday.

Greece offered economic reforms in exchange for the last payment of 7.2 billion euros from the current aid programme.

Without that money, Greece may not be able to make a 1.5-billion-euro repayment to the IMF due on June 30, risking a default and possible chaotic exit from the eurozone.

In New York the tech-rich Nasdaq Composite Index closed up 0.72 percent at a record 5,153.97 as US stocks followed markets higher.

The Dow Jones Industrial Average rose 0.58 percent while the broad-based S&P 500 gained 0.61 percent.

The euro was steady in Tuesday morning trade, fetching $1.1341 and 139.92 yen against $1.1340 and 139.91 yen in New York late Monday.

 

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