Eased credit concerns spur buying of financial issues in Tokyo
Stocks opened higher in Tokyo Tuesday as investors bought
financial and banking issues amid eased credit concerns.
The Nikkei 225 Stock Average increased 165.31 points, or 1.29 per cent, to 12,969.01.
The broader Topix index of all first-section issues was also up 11.35 points, or 0.91 per cent, to 1,263.78.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 106.50-55 yen, up from Monday's 5 pm quote of 106.38-48 yen in New York. Japanese financial markets were closed Monday for a national holiday.
The euro was quoted at 1.5910-15 dollars, down from Monday's 5 pm quote of 1.5916-26 dollars in New York, and at 169.49-54 yen, almost unchanged from 169.44-54 yen, dpa reported.