Tokyo stocks open slightly higher after halt in yen's rise

©Kyodo News

Tokyo stocks opened slightly higher Friday as a halt in the yen's appreciation prompted investors to buy back export-related issues including automakers.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average gained 64.33 points, or 0.28 percent, from Thursday to 23,383.70. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 6.15 points, or 0.38 percent, at 1,644.55.

Gainers were led by marine transportation, transportation equipment, and warehousing and harbor transportation service issues.

At 9 a.m., the dollar fetched 104.71-72 yen compared with 104.68-78 yen in New York and 104.76-78 yen in Tokyo at 5 p.m. Thursday.

The euro was quoted at $1.1846-1850 and 124.06-10 yen against $1.1841-1851 and 124.05-15 yen in New York and $1.1794-1795 and 123.56-60 yen in Tokyo late Thursday afternoon.