TOKYO (AP) _ Tokyo stocks rose moderately early Thursday on selective buying of technology and banking issues. The dollar was lower against the yen.

The benchmark 225-issue Nikkei Stock Average climbed 105.27 points, or 0.79 percent, to 13,389.33 points in the first hour of trading. On Wednesday, the average closed up 9.36 points, or 0.07 percent.

The dollar bought 116.22 yen, down 0.46 yen from late Wednesday in Tokyo and also below its late New York level of 116.44 yen.

On the stock market, shares in some technology companies and major banks were among early gainers, but trading remained light overall amid a dearth of market-moving news.

In New York, the Dow Jones industrial average fell 107.91 points to 10,795.41 at Wednesday's close. The Nasdaq composite index closed at 2,491.40, up 63.68.

The broader Tokyo Stock Price Index of all issues listed on the first section was up 6.13 points, or 0.49 percent, to 1,261.34. The TOPIX closed down 4.46 points, or 0.35 percent, the day before.

The dollar was expected to trade in a tight range Thursday, traders in Tokyo said.

The euro was traded at 106.83 yen in early morning, down from 107.36 yen late Wednesday in Tokyo.

The yield on the benchmark 10-year Japanese government bond rose to 1.4350 percent from Wednesday's finish of 1.4100 percent. Its price fell 0.22 point to 100.57.


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