INQUIRER.net: Tokyo stocks open 1.51 percent higher

INQUIRER.net Philippine News for Filipinos

Tokyo stocks open 1.51 percent higher Mar 19th 2013, 01:07 TOKYO - Tokyo stocks opened 1.51 percent higher on Tuesday as the yen weakened against the dollar and euro after eurozone finance ministers told Cyprus to drop a controversial levy on smaller bank deposits.   The Nikkei 225 index at the Tokyo Stock Exchange, which tumbled 2.71 percent on jitters over Cyprus banking woes Monday, was up 184.98 points to 12,405.61 at the start.   The Nikkei is likely to rebound somewhat Tuesday after logging its worst percentage loss in 10 months the previous day, as the dollar and the euro rose against the yen after the Tokyo market closed, brokers said.   "The move (bank bailout) on Cyprus should not be interpreted very ne... Keep on reading: Tokyo stocks open 1.51 percent higher Media files: asian-Markets-Japan1.jpg (image/jpeg)

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