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STOCKS-MARKETS-JAPAN-OPEN
Tokyo stocks open higher as focus shifts to earnings
TOKYO, Jan 29, 2018 (BSS/AFP) – Tokyo stocks opened higher on Monday as
investor focus began shifting to Japanese corporate earnings due in coming
days.
The benchmark Nikkei 225 index edged up 0.30 percent, or 70.99 points, to
23,702.87 in early trade while the broader Topix index was up 0.07 percent,
or 1.33 points, at 1,880.72.
Investors are “hunting best buys from among individual shares,” SBI
Securities said in a commentary, noting that investors are cautious about a
higher yen that could have negative impact on exporters.
The dollar changed hands at 108.55 yen, down from 108.63 yen in New York
late Friday, and 109.20 yen in Tokyo earlier Friday.
Japanese e-commerce giant Rakuten was up 0.88 percent at 1,029 yen after a
report said it would acquire a Nomura-owned property insurer.
Sony was up 0.60 percent at 5,317 yen and Panasonic was up 0.45 percent at
1,666.5 yen.
On Friday, all three US major indices surged to new records following
strong earnings reports from Intel and other companies, with the Dow closing
up 0.9 percent at 26,616.71.
BSS/AFP/HR/0925