Tokyo stocks open up 0.83 percent

Agence France-Presse

10:59 am | Friday, January 31st, 2014

A man watches an electronic stock indicator in Tokyo. AP

TOKYO– Tokyo stocks opened 0.83 percent higher on Friday after gains on Wall Street and positive economic data from Japan.

The Nikkei-225 index, which tumbled 2.45 percent on Thursday, rose 125.17 points to 15,132.23 at the start.

Japan’s government released a series of figures shortly before the market opened, including a lower jobless rate and data that showed the deflation-plagued nation’s consumer prices rose for the first time in five years in 2013.

US stocks climbed Thursday on the strength of a solid report on US economic growth and banner results from Facebook that raised hopes about other technology giants.

The Dow Jones Industrial Average rose 0.70 percent to 15,848.61.

The broad-based S&P 500 gained 1.13 percent to 1,794.19, while the tech-rich Nasdaq Composite Index soared 1.77 percent to 4,123.13.

The dollar was at 102.68 yen early Friday compared with 102.71 yen in New York Thursday afternoon.

The euro fetched $1.3557 and 139.18 yen against $1.3554 and 139.21 yen.

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Tags: Economic indicators , Stock Activity , Stock Market , Tokyo

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