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Tokyo stocks rise modestly on weaker yen

Business Materials 27 February 2009 07:41 (UTC +04:00)

Tokyo stocks ended Friday morning trading modestly higher on the continued strength of the US dollar against the yen, dpa reported.

  The benchmark Nikkei 225 Stock Average edged up 53.27 points, or 0.71 per cent, to 7,511.2.

  The broader Topix index of all first section issues was also up 4.17 points, or 0.56 per cent, at 746.7.

  On currency markets at 9 am (0000 GMT), the dollar traded at 98.31-36 yen, up from Thursday's 5 pm quote of 97.92-95 yen. A lower yen makes Japanese goods cheaper overseas.

  The euro traded at 1.2715-20 dollars, up from Thursday's 5 pm quote of 1.2708-11 dollars, and at 125.04-09 yen, up from 124.46-50 yen. 

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