Tokyo stocks opened higher on Thursday, continuing the previous day’s gains, as a strong overnight rebound on Wall Street pushed major U.S. stock indexes to new highs following Donald Trump’s election as U.S. president.
In the first 15 minutes of trading, the Nikkei Stock Average, comprising 225 stocks, rose 263.90 points, or 0.67%, to 39,744.57. The broader Topix index climbed 42.68 points, or 1.57%, to 2,758.60.
On the Tokyo Stock Exchange’s first section, stocks in the banking, insurance, and transportation equipment sectors led the gains.
At 9 a.m., the dollar-yen exchange rate stood at 154.32-33, compared with 154.59-69 in New York and 153.93-95 in Tokyo at 5 p.m. Wednesday.
The euro was quoted at $1.0730-0734 and 165.59-66 yen, compared to $1.0725-0735 and 165.82-92 yen in New York, and $1.0733-0734 and 165.22-26 yen in Tokyo late Wednesday afternoon.
