TOKYO (AP) _ Tokyo stocks rebounded moderately Wednesday morning, lifted up by an advance on Wall Street. The dollar was lower against the yen.

The benchmark 225-issue Nikkei Stock Average gained 91.97 points, or 0.78 percent, to 11,911.67 at the end of the morning session. On Tuesday, the average closed down 351.67 points, or 2.89 percent, to 11,819.70 _ its lowest close since January 28, 1985, when it ended at 11,798.86.

The dollar bought 119.66 yen in late morning, down 0.38 yen from late Tuesday in Tokyo and also below its late New York level of 119.83 yen.

On the stock market, the Nikkei index opened higher with sentiment improved somewhat following gains in U.S. stocks on Tuesday.

In New York on Tuesday, the Nasdaq composite index closed up 91.40 at 2,014.78, a 4.8 percent gain, taking back much of Monday's 129-point loss. The Dow Jones industrial average rose 82.55 points to 10,290.80, an increase of less than 1 percent.

The broader Tokyo Stock Price Index of all issues listed on the first section was up 3.52 points, or 0.30 percent, to 1,174.10. The TOPIX closed down 35.40 points, or 2.93 percent, the day before.

In currency dealings, the dollar slipped slightly against the yen amid uncertainty about the U.S. economy.

Traders are waiting for the release on Wednesday of U.S. business inventory data for January and the Labor Department's report Friday on the Producer Price Index for February.

In other currencies, the euro was traded at 109.34 yen, down from 111.09 yen late Tuesday in Tokyo.

The yield on the benchmark 10-year Japanese government bond fell to 1.1550 percent from Tuesday's finish of 1.1800 percent. Its price rose 0.23 point to 102.19.


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