INQUIRER.net: Tokyo stocks open up 1.82 percent

INQUIRER.net Philippine News for Filipinos

Tokyo stocks open up 1.82 percent May 10th 2013, 01:32 TOKYO--Tokyo stocks opened 1.82 percent higher on Friday following the dollar's surge past the 100 yen mark overnight. The benchmark Nikkei 225 index was up 257.76 points to 14,449.24 at the start of the day. The US dollar topped 100 yen for the first time in more than four years on Thursday as Tokyo's aggressive stimulus efforts to reflate the Japanese economy continue to depress its currency. "The dollar's breach of the 100 yen level is iconic and will automatically draw more interest to Japan as a potential equity investment destination," a fund manager at a foreign asset management company told Dow Jones Newswires. The dollar's gain against the yen came after US initial j... Keep on reading: Tokyo stocks open up 1.82 percent Media files: Asia-stocks.jpg (image/jpeg)

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