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Home International Markets

Tokyo stocks surge 0.81% in early trade, Nikkei 225 advances 161.59pts

byCustoms Today Report
19/06/2015
in International Markets
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TOKYO: Tokyo stocks have opened 0.81 per cent higher, backed by gains on Wall Street and a breather in the yen’s rise against the US dollar.

The Nikkei 225 index at the Tokyo Stock Exchange rose 161.59 points to 20,152.41 at the start on Friday, after four days of losses.

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The higher opening came after the tech-rich Nasdaq powered to a fresh record in New York on Thursday.

The Nasdaq Composite Index surged 1.34 per cent to 5,132.95, while the blue-chip Dow Jones Industrial Average rose one per cent and the broad-based S&P 500 gained 0.99 per cent.

The euro was holding up early on Friday after rising amid growing uncertainty about Greece’s debt crisis, and the failure of the latest bailout talks.

The euro bought $US1.1369 and 139.89 yen on Friday against $US1.1371 and 139.78 yen in US trade the day before.

The dollar was at 123.00 yen early Friday, against 122.93 yen in New York late on Thursday.

Investors are waiting for the outcome of a policy meeting by the Bank of Japan, with governor Haruhiko Kuroda set to speak to the press later on Friday.

 

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