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Tokyo stocks rise on weaker yen

Business Materials 21 April 2008 07:53 (UTC +04:00)

(dpa) - Tokyo stocks opened higher Monday on the US dollar's advance against the Japanese yen.
The Nikkei 225 Stock Average advanced 221.24 points in morning trading, or 1.64 per cent, to 13,697.69.
The broader Topix index of all first-section issues was also up 23.49 points, or 1.8 per cent, at 1,327.55.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 103.84-87 yen, up from Friday's 5 pm quote of 102.46-49 yen. A weaker yen makes Japanese goods cheaper abroad and boosts Japanese firms' foreign earnings.
The euro was quoted at 1.5805-10 dollars, down from Friday's 5 pm quote of 1.5948-51 dollars, and at 164.17-22 yen, up from 163.44-48 yen.

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