News Column

Nikkei opens slightly higher on Wall St. gains, solid machinery data

May 18, 2014

The Nikkei stock index opened slightly higher Monday, supported by last Friday's gains on Wall Street, as well as solid Japanese core machinery data for March.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 30.58 points, or 0.22 percent, from Friday to 14,127.17. In contrast, the broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 0.94 point, or 0.08 percent, to 1,158.13.

The Nikkei was also underpinned by bargain-hunting, after tumbling more than 200 points on Friday, brokers said.

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Source: Japan Economic Newswire

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