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Japan's Nikkei opens at a 6 1/2-year high after Dow's record close

Japan's Nikkei opens at a 6 1/2-year high after Dow's record close

Japanese stocks rose to a 6 1/2-year high in early trade Thursday, advancing after the Dow Jones industrial average's record close overnight. The dollar was higher against the yen.
The benchmark Nikkei 225 index added 97.20 points, or 0.56 percent, to 17,604.60 points on the Tokyo Stock Exchange just after the start of trade Thursday, its highest level since July 2000.
The further gains came in the aftermath of another record close on Wall Street overnight, where the Dow Jones industrial average rose 87.97, or 0.70 percent, to 12,621.77.
The tech-heavy Nasdaq composite index also bounced higher, adding 34.87, or 1.43 percent, to 2,466.28 on solid profit reports from Yahoo Inc. and Sun Microsystems Inc.
Stocks seen as sensitive to domestic demand led the gains in Tokyo, while rubber shares fell after light sweet crude oil settled up 33 cents at $55.37 per barrel overnight.
The recent strength in Tokyo stocks reflects the robust profits of firms amid Japan's long-running economic recovery, Economy Minister Hiroko Ota said Thursday.
The broader Topix index, which includes all shares on the exchange's first section, rose 9.55 points, or 0.55 percent, to 1,748.16 points.
In currencies, the U.S. dollar was trading at 121.00 yen at 8:50 a.m. Thursday (2350 GMT), up from 120.95 yen late Wednesday in New York. The euro rose to US$1.2965, from $1.2961.


Updated : 2021-05-19 01:23 GMT+08:00