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  • Tokyo stocks opened higher on Tuesday following gains on Wall Street, as Japanese markets resumed trade after a long weekend. The benchmark Nikkei 225 index climbed 0.79 percent, or 175.57 points, to 22,505.51 in early trade, while the broader Topix index rose 0.92 percent, or 14.26 points, to 1,561.00. "US shares were mixed, with the Dow gaining for seven days and the tech index (Nasdaq) falling," said Yoshihiro Ito, chief strategist at Okasan Online Securities. "Tokyo shares are likely to seesaw this week," he said. On Wall Street, the Dow Jones Industrial Average gained 1.3 percent and the broad-based S&P 500 rose 0.3 percent. But the tech-rich Nasdaq was down 0.4 percent as investors eyed uncertain data and an elusive deal on a new emergency spending package. Japanese markets have been stagnating since June due to "opposing factors", Rakuten Securities chief strategist Masayuki Kubota said in a note. "The development of vaccines against the coronavirus has been progressing faster than expected... but infections are spreading in the US, Europe and Japan," he said. "US President Trump is also adopting a tough stance against China," with measures against TikTok and WeChat, he said. In Tokyo trading, SoftBank Group, which is scheduled to announce financial results later in the day, dropped 1.27 percent to 6,438 yen. Automakers were higher, with Honda jumping 4.12 percent to 2,653 yen, Nissan up 3.90 percent to 396.9 yen, and Toyota rising 1.49 percent to 6,981 yen. Sony dipped 0.29 percent to 8,500 yen. The dollar traded at 106.10 yen in early Asian trade, against 105.95 yen in New York late Monday. nf/sah/jah
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  • Tokyo stocks open higher following US gains
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