Tokyo stocks moved higher in morning trading Tuesday on gains in high-technology issues following overnight rises in the tech-heavy Nasdaq index, while a weaker yen boosted export-related shares.
The 225-issue Nikkei Stock Average rose 214.14 points, or 0.73 percent, from Monday to 29,375.94. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 9.42 points, or 0.48 percent, at 1,969.17.
Gainers were led by pharmaceutical, precision instrument and metal product issues.
The U.S. dollar remained firm in the lower 110-yen range after a rise in U.S. long-term bond yields led to a widening interest rate gap between the United States and Japan, dealers said
At noon, the dollar fetched 110.11-110.15 yen compared with 110.03-13 yen in New York and 109.69-70 yen in Tokyo at 5 p.m. Monday.
The euro was quoted at $1.2124-2125 and 133.50-51 yen against $1.2115-2125 and 133.36-46 yen in New York and $1.2117-2119 and 132.91-95 yen in Tokyo late Monday afternoon.
Tokyo stocks continued to rise after the Nikkei ended Monday at a one-month high, led by rises in technology issues.
"The yen's weakness is a plus to the Nikkei's rise," said Makoto Sengoku, senior equity market analyst at the Tokai Tokyo Research Institute.
Issues including precision instruments and pharmaceuticals gained in the hopes of earnings growth, buoyed by expectations of the lifting of the state of emergency next week, he added.
On the First Section, advancing issues outnumbered decliners 1,104 to 962, while 122 ended the morning unchanged.
Among semiconductor-related issues, Advantest rose 110 yen, or 1.1 percent, to 10,240 yen, Tokyo Electron moved up 630 yen, or 1.3 percent, to 49,310 yen, and Sumco gained 76 yen, or 2.9 percent, to 2,658 yen.
Among decliners, Park24 tumbled 314 yen, or 12.7 percent, to 2,161 yen, after the parking operator forecast a net loss for the business year through October 2021.
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