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Tokyo stocks open higher on dollar's rise to upper 105 yen zone

September 4, 2014

Tokyo stocks opened higher Friday on buying bolstered by the U.S. dollar's rise to a five-year-and-11-month high in the upper 105 yen zone.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 86.94 points, or 0.55 percent, from Thursday to 15,763.12. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 4.97 points, or 0.38 percent, at 1,301.36.

Export-led automaker and high-tech sectors were in demand due to the weaker yen. Other major gainers included construction as well as glass and ceramics issues.

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Source: Japan Economic Newswire

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