Tokyo Stocks Rise
Mar. 06, 2001
TOKYO (AP) _ Tokyo stocks climbed Tuesday morning, lifted by gains on Wall Street. The dollar was lower against the yen.
The benchmark 225-issue Nikkei Stock Average gained 216.47 points, or 1.76 percent, to 12,538.63 points at the end of the morning session. On Monday, the average closed up 60.36 points, or 0.5 percent.
The dollar bought 118.82 yen in late morning, down 0.20 yen from late Monday in Tokyo and also below its late New York level of 119.06 yen.
On the stock market, the Nikkei index started higher following an overnight advance in New York.
The Dow Jones industrial average rose 95.99 to 10,562.30 at Monday's finish, while the Nasdaq composite index climbed 25.29 to 2,142.92.
The broader Tokyo Stock Price Index of all issues listed on the first section was up 20.46 points, or 1.71 percent, to 1,214.20. The TOPIX closed down 6.10 points, or 0.51 percent, the day before.
In currency dealings, the greenback slipped slightly against the yen on profit-taking in reaction to recent gains.
The yen has fallen in recent days on concerns over growing political and economic problems in Japan.
In other currencies, the euro was traded at 110.17 yen, down from 110.91 yen late Monday in Tokyo.
The yield on the benchmark 10-year Japanese government bond rose to 1.2400 percent from Monday's finish of 1.2350 percent. Its price slipped 0.04 point to 101.42.
On the Net:
Tokyo Stock Exchange: http://www.tse.or.jp