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Tokyo stocks open higher on improved market sentiment

Business Materials 3 April 2008 08:14 (UTC +04:00)

(dpa) - Tokyo stocks opened slightly higher Thursday on improved market sentiment thanks to a weaker yen and stability on Wall Street.

The Nikkei 225 Stock Average rose 11.35 points, or 0.09 per cent, to 13,200.71. Japan's key index soared more than 4 per cent at the end of Wednesday trading, rising above the 13,000 level for the first time in a month.

The broader Topix index of all first-section issues was almost unchanged at 1,282.78, up 0.71 points.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 102.21-26 yen, up from Wednesday's 5 pm quote of 101.93-95 yen.

The euro was quoted at 1.5671-76 dollars, up from Wednesday's 5 pm quote of 1.5610-12 dollars, and at 160.24-29 yen, up from 159.12-16 yen.

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