TOKYO, Sept 5, 2019 (BSS/AFP) – Tokyo stocks opened higher on Thursday,
extending rallies on Wall Street on easing worries over Brexit and positive
developments in the Hong Kong crisis.
The benchmark Nikkei 225 index was up 0.97 percent or 201.32 points at
20,850.46 in early trade, while the broader Topix index was up 0.86 percent
or 12.99 points at 1,519.80.
“Japanese shares are seen rising on the backdrop of global rallies after
political risks waned,” Okasan Online Securities said in a commentary after
Hong Kong’s leader withdrew an extradition bill that has sparked massive
protests in the city.
Investors were also cheered by moves in Britain to avoid a no-deal Brexit
and parliament’s rejection of a motion for a general election, it said.
The dollar fetched 106.44 yen in early Asian trade, against 106.41 yen in
New York.
In Tokyo, Nissan was up 0.82 percent at 650.2 yen, shrugging off reports
that the automaker’s chief executive received more pay than he was entitled
to. Its rival Honda was up 2.13 percent at 2,632.
Electronics were also higher, with Sony gaining 2.08 percent to 6,278 yen,
Panasonic trading up 1.91 percent at 838.7 yen and Canon up 1.24 percent at
2,773.5 yen.