AFP, Tokyo :
Tokyo stocks opened higher on Thursday, taking a positive lead from record-setting gains on Wall Street.
The benchmark Nikkei 225 index rose 0.48 percent or 104.23 points to 21,742.39 in early trade while the broader Topix index was up 0.47 percent or 7.49 points at 1,587.03.
“Tokyo shares will likely bounce back, lifted by the New York Dow’s renewing its record and a breather in the yen’s rise,” Okasan Online Securities chief strategist Yoshihiro Ito said in a note.
On Wall Street on Wednesday, all three major stock indices surged to records after a plethora of mediocre US economic data appeared to boost the odds of a Federal Reserve interest rate cut.
Tokyo stocks opened higher on Thursday, taking a positive lead from record-setting gains on Wall Street.
The benchmark Nikkei 225 index rose 0.48 percent or 104.23 points to 21,742.39 in early trade while the broader Topix index was up 0.47 percent or 7.49 points at 1,587.03.
“Tokyo shares will likely bounce back, lifted by the New York Dow’s renewing its record and a breather in the yen’s rise,” Okasan Online Securities chief strategist Yoshihiro Ito said in a note.
On Wall Street on Wednesday, all three major stock indices surged to records after a plethora of mediocre US economic data appeared to boost the odds of a Federal Reserve interest rate cut.
