Tokyo stocks open higher, gains limited due to credit concerns

Tokyo stocks open higher, gains limited due to credit concernsTokyo  - Stocks opened modestly higher in Tokyo Tuesday, but gains were limited due to lingering credit concerns.

The Nikkei 225 Stock Average rose 18.51 points, or 0.13 per cent, to 14,372.88.

The broader Topix index of all first-section issues was also up 6.54 points, or 0.47 per cent, at 1,408.23.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 108.20-25 yen, down from Monday's 5 pm quote of 108.48-50 yen.

The euro was quoted at 1.5462-67 dollars, up from Monday's 5 pm quote of 1.5377-79 dollars, and at 167.33-38 yen, up from 166.82-86 yen. (dpa)

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