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Wednesday, August 27, 2014

Tokyo Stocks Open Up


Tokyo stocks opened 0.23 percent higher on Wednesday after Wall Street continued its record-setting bull run.

The Nikkei 225 index was up 35.34 points at 15,556.56 at the start. Yutaka Miura, senior technical analyst at Mizuho Securities, said "stocks could go either way today" as solid trading cues remain thin.

Wall Street sustained its seemingly indefatigable bull run on Tuesday, helped by more encouraging data on the US economy.

The S&P 500 finished above 2,000 for the firs time, capping a steep climb from 676 in March 2009.

It closed up 0.11 percent at 2,000.2, while the narrower Dow Hones Industrial Average rose 1.07 percent to 17,106.70.

The dollar was at 104.11 yen in early Asian trade, compared with 104.05 yen in New York Tuesday afternoon.

The euro bought $1.3168 and 137.14 yen against $1.3169 and 137.03 yen in US trade.

Source: yahoo.com

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