News Column

Tokyo stocks rise in morning as softer yen boosts exporters

August 13, 2014

The Tokyo stock market extended gains Thursday morning, with investors largely shrugging off weaker-than-expected Japanese machinery orders data, as the yen's depreciation gave a lift to export-oriented high-tech stocks.

The 225-issue Nikkei Stock Average rose 90.99 points, or 0.6 percent, from Wednesday to 15,304.62, after ending in positive territory over the past three days. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 6.12 points, or 0.48 percent, at 1,268.25.

Major gainers included construction, airline, paper and mining issues, while real estate and nonferrous metal shares lost ground.

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Source: Japan Economic Newswire

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