TOKYO, March 29 ― Tokyo stocks opened higher today, extending US gains on hopes over peace talks between Russia and Ukraine, while investors also bought shares to gain rights to receive dividends.
“The Japanese market is receiving support from rallies in US shares and a cheaper yen”, with Wall Street investors encouraged to buy on hopes talks between Ukraine and Russia will make progress towards a ceasefire, senior market analyst Toshiyuki Kanayama of Monex said in a note. Mizuho Financial Group was down 0.24 per cent at ¥1,651.5 after it said it would record reserves for possible losses related to Russia, adding that would not impact its net profit forecast.
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