Tokyo stocks open higher amid US shares gain on receding Fed rate hike hopes
Tolyo Shares.
Tokyo - XINHUA
Tokyo stocks rose from the opening bell on Tuesday mirroring Wall Street's advance overnight on expectations an imminent rate hike is not on the cards from the U.S. Federal Reserve.
As of 9:15 a.m., the 225-issue Nikkei Stock Average added 114.14 points, or 0.68 percent, from Monday to 16,787.06.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 7.34 points, or 0.55 percent, to 1,330.44.
Notable gainers in the opening minutes of trade comprised mining, iron and steel and pharmaceutical-related stocks.
Source : XINHUA
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Dubai - Arab Today
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