Tokyo stocks open higher on cheaper yen | Malay Mail

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TOKYO, July 17 ― Tokyo stocks opened higher today as the positive effects of a cheaper yen against the dollar narrowly outweighed falls on Wall Street to boost sentiment. The benchmark Nikkei 225 index was up 0.29 per cent or 66.80 points at 22,837.16 in early trade, while the broader Topix index...

The benchmark Nikkei 225 index was up 0.29 per cent or 66.80 points at 22,837.16 in early trade, while the broader Topix index added 0.17 per cent or 2.67 points to 1,581.73. — Reuters pic

The benchmark Nikkei 225 index was up 0.29 per cent or 66.80 points at 22,837.16 in early trade, while the broader Topix index added 0.17 per cent or 2.67 points to 1,581.73. Mizuho Securities said in a note that “worries over an expansion in virus infections and its impact on the domestic economy, along with concerns over the US-China confrontation, are seen prompting some selling”.

In Tokyo, exporters were generally higher with Nissan gaining 1.46 per cent to ¥450.1, Toyota trading up 0.87 per cent at ¥6,849, chip-testing equipment maker Advantest up 2.57 per cent at 6,780 yen and Olympus up 0.84 per cent at ¥1,986.5.

 

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