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Tokyo stocks open firmer on abating concerns over emerging markets

January 28, 2014

TOKYO , Jan. 29 -- ( Kyodo ) _ Tokyo stocks opened sharply higher Wednesday amid abating concerns over emerging markets following a decision by the Turkish central bank to hike its policy rate to stabilize its currency moves. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average surged 256.79 points, or 1.71 percent, from Tuesday to 15,236.95. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 21.37 points, or 1.75 percent, to 1,245.68. The market also drew support after the 30-issue Dow Jones Industrial Average rebounded overnight, backed by stronger-than-expected January U.S. consumer confidence data, brokers said.

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Source: Japan Economic Newswire

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