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Tokyo market opens higher on weaker yen, optimism over US economy

Tokyo market opens higher on weaker yen, optimism over US economy Tokyo  - The Tokyo market opened higher Monday as investors bought mostly export-oriented issues on a weaker yen, despite a rocket launched by North Korea the previous day.

The benchmark Nikkei 225 Stock Average index advanced 200.1 points, or 2.29 per cent, to 8,949.94.

The broader Topix index of all first-section issues was up 12.49 points, or 1.5 per cent, to 843.85.

Tokyo stocks gain ground after G20 meet

Tokyo stocks gain ground after G20 meetTokyo  - Tokyo stocks extended the week's positive trend Friday as hopes for a global recovery rose after the London Group of 20 summit of influential world leaders.

The benchmark Nikkei 225 Stock Average index was up 49.94 points, or 0.57 per cent, to 8,769.72 by mid-trading.

The broader Topix index of all first-section issues also rose 7.29 points, or 0.88 per cent, to 833.98.

Investors were encouraged by the reassurances of the G20 leaders to pull out all stops to kick-start the slowing global economy.

Asian stocks jump on unexpected good economic news from US

Asian stocks jump on unexpected good economic news from USTokyo  - Stocks across the Asia-Pacific surged Thursday after Wall Street saw strong overnight gains on better-than-expected data from the US housing, manufacturing and auto sectors, suggesting the global recession could be moderating.

In Japan, the region's largest economy, the benchmark Nikkei 225 Stock Average jumped 4.4 per cent to close at 8,719.78 while the broader Topix index of all first-section issues advanced 4.14 per cent to 826.69.

Tokyo stocks rise 3 per cent on upbeat US economic data

Tokyo stocks rise 3 per cent on upbeat US economic data Tokyo  - Tokyo stocks extended its gains Thursday with key indices rising more than 3 per cent on optimistic US economic data.

The benchmark Nikkei 225 Stock Average index surged 251.58 points, or 3.01 per cent, to 8,603.49.

The broader Topix index of all first-section issues also rose 25.7 points, or 3.24 per cent, to 819.52.

On currency markets at 9 am (0000 GMT), the dollar traded at 98.50-55 yen, down from Wednesday's 5 pm quote of 98.60-63 yen.

Japan's sales of new vehicles hit 38-year low

Japan's sales of new vehicles hit 38-year low Tokyo  - Japan's domestic sales of new vehicles fell to the lowest in 38 years as the global economic downturn shaved off consumer appetite for cars, buses and trucks, an industry organization said Wednesday.

Sales of new motor vehicles declined 15.6 per cent in the 2008-09 business year that ended March 31 to 2,891,901 units, which was the first time the sales dropped below 3 million since 1971, the Japan Automobile Dealers Association said.

Tokyo stocks open new fiscal year higher despite Tankan results

Tokyo stocks open new fiscal year higher despite Tankan results Tokyo  - The Japanese market opened the new fiscal year in a positive light Wednesday, despite the Bank of Japan's Tankan survey results.

The benchmark Nikkei 225 Stock Average increased 242.15 points, or 2.99 per cent, to 8,351.68.

The broader Topix index of all first-section issues was also up 22.09 points, or 2.89 per cent, to 795.75.

Japan's key Tankan index of manufacturer sentiment hit a record low in March, the Bank of Japan said Wednesday.

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