Tokyo stocks end morning higher on Wall Street rises, weaker yen

Business Materials 25 November 2008 06:50 (UTC +04:00)

Tokyo stocks ended morning trading higher Tuesday on Wall Street's overnight rises and a weaker yen, sending the key Nikkei 225 Stock Average up more than 4 per cent, dpa reported.

The Nikkei index jumped 335.29 points, or 4.24 per cent, to 8,246.08.

The broader Topix index of all first-section issues was also up 23.75 points, or 2.96 per cent, to 826.44.

Investors bought a wide range of issues Tuesday after a three-day holiday in Tokyo as the market sentiment was cheered by US markets' rises and a weaker yen.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 96.83-88 yen, up from Friday's 5 pm quote of 94.98-95.00 yen. The Tokyo market was closed Monday for a national holiday.

The euro was quoted at 1.2910-15 dollars, up from Friday's 5 pm quote of 1.2536-38 dollars, and at 125.05-125.10 yen, up from 119.07- 11 yen.