Tokyo stocks open higher on continued US rally
Tokyo - Tokyo stocks opened higher Friday as a rally continued on the US market, easing credit concerns.
The Nikkei 225 Stock Average went up 50.34 points, or 0.39 per cent, in morning trading to 12,938.29.
The broader Topix index of all first-section issues was also up 3.94 points, or 0.31 per cent, at 1,267.59.
The Tokyo stock market is to be closed Monday for the Marine Day national holiday. Trading is to resume Tuesday.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 106.22-25 yen, up from Thursday's 5 pm quote of 105.43-44 yen.
The euro was quoted at 1.5849-54 dollars, down from Thursday's 5 pm quote of 1.5859-60 dollars, and at 168.33-38 yen, up from 167.21-25 yen. (dpa)