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  • Tokyo stocks opened higher on Thursday, supported by rallies on Wall Street with trade remaining cautious ahead of an ECB meeting that could move currency rates. The benchmark Nikkei 225 index was up 0.79 percent or 182.94 points to 23,215.48 in early trade, while the broader Topix index edged up 0.66 percent or 10.57 points to 1,615.97. "Japanese shares will be seen trading range-bound after rebounding in early trade as some US rallies overnight have been already factored in," Okasan Online Securities said in a commentary. Investors are cautious ahead of the European Central Bank's meeting later in the day as the central bank's decision could move currency rates, it added. The dollar fetched 106.24 yen in early Asian trade, against 106.12 yen in New York late Wednesday. Wall Street stocks rebounded following three losing sessions, with large technology companies back on the upswing after a pullback. The tech-rich Nasdaq Composite Index finished up 2.7 percent, leading rebound on the three major indices, with the Dow up 1.6 percent to 27,940.47. In Tokyo, game giant Nintendo was up 2.09 percent at 59,090 yen and Sony was up 1.91 percent at 8,232 yen. E-commerce giant Rakuten shot up 5.81 percent to 1,074 yen after a brokerage house revised up its evaluation of the shares. kh/sah/tom
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  • Tokyo stocks open higher on US rebound
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