Tokyo stocks open slightly higher Agence France-Presse | Inquirer Business

Tokyo stocks open slightly higher Agence France-Presse

/ 08:46 AM March 19, 2012

TOKYO – Tokyo stocks opened 0.21 percent higher on Monday after New York shares ended last week mixed on a slate of US data that failed to give a strong signal on the health of the US economy.

The Nikkei 225 index at the Tokyo Stock Exchange opened up 21.02 points at 10,150.85.

“Since the yen is still weaker, the index is unlikely to face a big price adjustment,” Daiwa Securities senior market analyst Yumi Nishimura told Dow Jones Newswires.

ADVERTISEMENT

The euro bought $1.3171 and 109.85 yen, hardly changed from New York late Friday. The dollar was also almost unchanged at 83.39 yen.

FEATURED STORIES

Lacklustre trading was expected ahead of Tuesday’s public holiday in Japan and apprehension over US housing data later in the week, brokers said.

The Dow Jones Industrial Average closed flat on Friday, inching down 0.03 percent to 13,232.62, with new data failing to provide a clear direction for the economy.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, economy, stock exchange, Tokyo stocks

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.