Tokyo shares higher on U.S. economic recovery hopes

©Kyodo News

Tokyo stocks were higher in early trading Tuesday as investors took heart from an overnight rise on Wall Street on expectations for economic recovery in the United States following lockdowns.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 182.83 points, or 0.83 percent, from Monday to 22,245.22. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 12.06 points, or 0.77 percent, at 1,580.81.

Gainers were led by mining, bank, and iron and steel issues.

At 9 a.m., the U.S. dollar fetched 107.56-57 yen compared with 107.55-65 yen in New York and 107.52-53 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.1125-1126 and 119.67-71 yen against $1.1130-1140 and 119.76-86 yen in New York and $1.1148-1150 and 119.87-91 yen in Tokyo late Monday afternoon.