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Tokyo stocks open 0.44pc stronger, Nikkei 225 soars 86.87pts

byCustoms Today Report
19/05/2015
in Uncategorized
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TOKYO: Tokyo stocks have opened 0.44 per cent higher, backed by record-setting advances on Wall Street and a weaker yen against the dollar.

The Nikkei 225 index at the Tokyo Stock Exchange gained 86.87 points to 19,977.14 at the start on Tuesday.

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In New York the Dow and S&P 500 closed at fresh highs on Monday, following acquisitions in the pharmaceutical and apparel sectors and a rise in Apple.

The dollar rose against the yen in a positive move for Japanese exporters.

The dollar was at 119.95 yen early on Tuesday, compared with 119.97 yen in New York late Monday and up from 119.63 yen in Tokyo earlier on Monday.

The euro bought $1.1320 and 135.77 yen against $1.1315 and 135.75 yen in US trade.

The Dow Jones Industrial Average rose 0.14 per cent to a record 18,298.88, while the S&P 500 notched its third successive record, rising 0.30 per cent to 2,129.20.

The tech-rich Nasdaq Composite Index jumped 0.60 per cent to 5,078.44.

All three indices got a lift from the latest call from activist Carl Icahn for more share buy-backs from Apple.

 

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