Stocks open higher on Wall Street's rises, weak yen

Business Materials 11 August 2008 07:39 (UTC +04:00)

( dpa ) - Stocks opened higher Monday in Tokyo on mainly export-oriented issues on the back of a weak yen and Wall Street's gains before the weekend.

The Nikkei 225 Stock Average soared 225.96 points, or 1.72 per cent, to 13,394.37.

The broader Topix index of all first-section issues was also up 16.31 points, or 1.29 per cent, at 1,276.24.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 109.65-70 yen, down from Friday's 5 pm quote of 109.84-85 yen.

The euro was quoted at 1.4933-36 dollars, down from Friday's 5 pm quote of 1.5166-67 dollars, and at 163.75-80 yen, down from 166.59-63 yen.