Tokyo stocks open up 1.82 percent
Tokyo stocks opened 1.82 percent higher on Friday following the dollar’s surge past the 100 yen mark overnight.
Tokyo stocks opened 1.82 percent higher on Friday following the dollar’s surge past the 100 yen mark overnight.
Tokyo stocks opened slightly lower Friday despite another record performance on Wall Street but analysts said the market was still on an overall upward trajectory, supported by the weak yen.
Tokyo stocks lost early gains Friday morning as investors took their bets off the table in low-volume trade with many regional and overseas markets closed for public holidays, dealers said.
Tokyo stocks opened 1.09 percent lower on Friday due to uncertainty over the Cyprus banking crisis and a higher yen.
Tokyo stocks opened 0.82 percent higher on Friday, taking its cue from the United States after Wall Street hit an all-time high.
Tokyo stocks jumped more than three percent on Friday, the first day of 2013 trading, following global rallies on a US deal to avert a “fiscal cliff” of tax hikes and huge spending cuts.
Encouraging retail sales and a better-than-expected jobs report from the U.S. helped boost Asian stock markets Friday ahead of a monthly report on employment in the world’s top economy.
