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Tokyo stocks open higher on overnight gains in US, weaker yen

Business Materials 23 May 2008 08:14 (UTC +04:00)

Tokyo stocks opened higher Friday on overnight rises in the US market and a weaker yen.

The Nikkei 225 Stock Average gained 102.5 points, or 0.73 per cent, to 14,080.96.

The broader Topix index of all first-section issues was also up 8.22 points, or 0.6 per cent, at 1,387.89.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 104.02-07 yen, up from Thursday's 5 pm quote of 103.22-24 yen.

The euro was quoted at 1.5730-35 dollars, down from Thursday's 5 pm quote of 1.5762-65 dollars, and at 163.67-72 yen, up from 162.71-75 yen, dpa reported.

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