TOKYO, June 2 — Tokyo stocks opened higher today tracking rallies on Wall Street, shrugging off unrest in many US cities during anti-racism protests, and simmering US-China tensions.
The benchmark Nikkei 225 index was up 0.37 per cent or 81.05 points at 22,143.44 in early trade, while the broader Topix index advanced 0.41 per cent or 6.38 points to 1,575.13.
“The Japanese market is supported by rallies in US shares, but a sense of a short-term overheating could cap the upside,” warned senior market analyst Toshiyuki Kanayama from Monex.
Higher US futures were for now outweighing the negative factors of unrest on American streets and worsening US-China tensions over Hong Kong, analysts said.
The dollar fetched ¥107.62 (RM4.29) in early Asian trade, against ¥107.58 in New York on Monday.
In Tokyo, major shares were higher, with Sony trading up 1.16 per cent at ¥7,054, Toyota up 1.24 per cent at ¥6,803, and investment and telecom giant SoftBank Group up 1.36 per cent at ¥5,086.
On Wall Street, the Dow ended up 0.4 per cent at 25,475.02. — AFP
