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Tokyo stocks close higher on weaker yen - Summary

Tokyo - The Tokyo stock market ended modestly higher Tuesday on the US dollar's advance against the yen. The benchmark Nikkei 225 Stock Average closed up 37.72 points, or 0.42 per cent, to 9,080.84. ...
Posted : Tue, 06 Jan 2009 06:48:07 GMT
Author : DPA
Category : Business
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Tokyo - The Tokyo stock market ended modestly higher Tuesday on the US dollar's advance against the yen. The benchmark Nikkei 225 Stock Average closed up 37.72 points, or 0.42 per cent, to 9,080.84.

The broader Topix index of all First Section issues was almost unchanged at 876.2, up 0.29 points, or 0.03 per cent, at 876.2.

Exporters were helped by weaker yen as it boosts their competitiveness overseas.

But gains were limited as investors sold shares in the afternoon session for quick profit.

On the currency markets at midday (0300 GMT), the dollar was quoted at 93.14-19 yen, up from Monday's 5 pm quote of 92.01-03 yen.

The euro was quoted at 1.3591-96 dollars, down from late Monday's quote of 1.3927-29 dollars, and at 126.67-72 yen, down from 128.15-19 yen.

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