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Home International Markets

Tokyo stocks open 0.24pc higher, Nikkei 225 soars 48.81pts

byCustoms Today Report
12/06/2015
in International Markets
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TOKYO: Tokyo stocks opened up 0.24 per cent on Friday, aided by a lower yen and higher New York shares following a solid US retail sales report.

The Nikkei 225 index at the Tokyo Stock Exchange added 48.81 points to 20,431.78 at the start.

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The Dow Jones Industrial Average advanced 0.22 per cent after a stronger-than-expected US retail sales report suggested American consumers are gaining confidence after a sluggish first quarter.

The dollar held up early Friday, buying 123.58 yen against 123.45 yen in New York late Thursday.

A lower yen is positive for Japanese exporters as it increases profits when repatriated.

The euro drifted lower to US$1.1244 and 138.93 yen from US$1.1260 and 139.00 yen in US trade as investors fretted over troubled Greek negotiations with official creditors.

 

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