Tokyo stocks up on weaker yen, Wall Street's overnight rise
Submitted by Mohit Joshi on Fri, 07/24/2009 - 12:09.
Tokyo - Tokyo stocks rose Friday as a falling yen led to the buying of export-oriented issues and Wall Street's overnight gains boosted confidence in an economic recovery.
The benchmark Nikkei 225 Stock Average soared 149.48 points, or 1.53 per cent, to 9,942.42.
The broader-based Topix index was also up 12.26 points, or 1.35 per cent, at 920.95.
On currency markets at 9 am (0000 GMT), the dollar traded at 94.93-98 yen, up from Thursday's 5 pm quote of 94.35-36 yen.
The euro traded at 1.4160-65 dollars, down from late Thursday's quote of 1.4234-35 dollars, and at 134.47-52 yen, up from 134.30-34 yen. (dpa)
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