Tokyo stocks open higher on Wall Street gains, weaker yen

Tokyo - Tokyo stocks open higher on Wall Street gains, weaker yen Tokyo stocks opened higher Monday on overnight gains in the US market and a weaker yen.

The Nikkei 225 Stock Average rose 71.07 points, or 0.53 per cent, to 13,405.83.

The broader Topix index of all first-section issues was also up 6.38 points, or 0.49 per cent, to 1,304.66.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.85-90 yen, up from Friday's 5 pm quote of 106.78-80 yen. A weaker yen helps boost Japanese companies' earnings overseas.

The euro was quoted at 1.5690-95 dollars, down from Friday's 5 pm quote of 1.5704-06 dollars, and at 169.30-35 yen, up from 167.69-73 yen. (dpa)

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