TOKYO STOCKS OPEN HIGHER, FOLLOW DOW LEAD

Tokyo stocks opened higher Monday, May 24, 2021, as investor sentiment was brightened by gains in the Dow Jones index late last week on upbeat economic data, Kyodo News reported.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 206.04 points, or 0.73 percent, from Friday to 28,523.87. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 12.83 points, or 0.67 percent, at 1,917.52.

Gainers were led by marine transportation, iron and steel and insurance issues, Mainichi Japan also reported.

At 9 a.m., the dollar fetched 108.88-93 yen compared with 108.91-109.01 yen in New York and 108.69-70 yen in Tokyo at 5 p.m. Friday.

The euro was quoted at $1.2181-2181 and 132.67-71 yen against $1.2177-2187 and 132.67-77 yen in New York and $1.2216-2218 and 132.78-82 yen in Tokyo late Friday afternoon.

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