Tokyo stocks extend winning streak after Wall Street rise

Business Materials 27 March 2009 07:18 (UTC +04:00)

Tokyo stocks extended its winning streak to end Friday morning trading higher after Wall Street advanced overnight on continued hopes of an improved economic outlook in the United States, dpa reported.

   The benchmark Nikkei 225 Stock Average inched up 83.22 points, or 0.96 per cent, to 8,719.55, as US companies posted better-than-expected earnings figures.

   The broader Topix index of all first-section issues was also up 7.67 points, or 0.93 per cent, to 834.48.

   On currency markets at 9 am (0000 GMT), the dollar traded at 98.70-75 yen, up from Thursday's 5 pm quote of 98.09-12 yen.

   The euro traded at 1.3527-32 dollars, down from late Thursday's quote of 1.3577-80 dollars, and at 133.49-54 yen, up from 133.20-24 yen.