Wall Street

Tokyo stocks open higher as U.S. inflation concerns ease

Published by
Kyodo News

Tokyo stocks opened higher Monday, tracking a surge on Wall Street late last week after U.S. personal consumption data for April showed inflation is slowing. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 354.77 points, or 1.32 percent, from Friday to 27,136.45. The broader Topix index was up 20.42 points, or 1.08 percent, at 1,907.72. On the top-tier Prime Market, gainers were led by machinery, service and electric appliance issues. At 9 a.m., the dollar fetched 127.27-28 yen compared with 127.04-14 yen in New York and 127.13-14 yen in Tokyo at 5 p.m. Friday. The …

Read More

Share this Story
Load More Related Articles
Load More In Wall Street