News Column

Nikkei hits 7-month high early morning on weaker yen

September 2, 2014

Tokyo stocks opened higher Wednesday, with the Nikkei index hitting a seven-month high at the outset of trading as investor sentiment was bolstered by the U.S. dollar's advance to the lower 105 yen range.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 114.85 points, or 0.73 percent, from Tuesday to 15,783.45, after briefly hitting 15,812.42, its highest intraday level since Jan. 23.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 7.61 points, or 0.59 percent, to 1,304.61.

Major gainers included brokerage, bank and nonferrous metal shares.

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Source: Japan Economic Newswire

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