Tokyo stocks open higher on Wall Street rise, machinery orders

Stock MarketTokyo - Tokyo stocks opened higher Wednesday after overnight gains in the US market and better-than-expected Japanese machinery orders for May.

The Nikkei 225 Stock Average rose 237.17 points, or 1.82 per cent, to 13,270.27.

The broader Topix index of all first-section issues was up 24.19 points, or 1.88 per cent, to 1,307.7.

The Cabinet Office report on Wednesday showed Japanese core machinery orders rose a seasonally adjusted 10.4 per cent in May to 1.11 trillion yen (10.41 billion dollars) from the previous month.

The key machinery orders were up 5.1 per cent in unadjusted terms from a year before. The data beat expectations.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.45-50 yen, up from Tuesday's 5 pm quote of 106.40-42 yen.

The euro was quoted at 1.5665-70 dollars, down from Tuesday's 5 pm quote of 1.5731-32 dollars, and at 168.35-40 yen, up from 167.38-42 yen. (dpa)

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