Tokyo stocks open higher on cheap yen, US gains | Malay Mail

TOKYO, April 20 ― Tokyo stocks opened higher today, helped by a cheaper yen and gains on Wall Street where investors were encouraged by better-than-expected US housing starts data and solid corporate earnings.

The dollar firmed to ¥129.23 from ¥128.89 in New York late yesterday, extending the yen's recent falls driven by higher US Treasury yields. Despite pushing up the price of imported goods, a cheaper yen is seen as good for exporters as it increases both price competitiveness overseas and repatriated profits.

Its rivals were also higher with Honda trading up 3.71 per cent at ¥3,437 and Nissan rallying 5.34 per cent to ¥554.4.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo stocks open higher on bargain hunting | Malay MailTOKYO, April 19 ― Tokyo stocks opened higher today as investors bargain hunted shares that dipped after modest falls on Wall Street. The benchmark Nikkei 225 index was up 1.04 per cent, or 278.29 points, at 27,078.00 in early trade, while the broader Topix index gained 0.94 per cent, or 17.64...
Source: malaymail - 🏆 1. / 86 Read more »

US stocks mixed at start of heavy earnings week | Malay MailNEW YORK, April 18 — Wall Street stocks were mixed early today as a heavy week of corporate earnings got underway and investors digested cautious commentary from Chinese officials following better-than-expected data. Worries about higher interest rates and Russia’s grinding invasion of Ukraine...
Source: malaymail - 🏆 1. / 86 Read more »