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Tokyo stocks open higher as exporters surge on weaker yen

By AFP
August 29, 2016

TOKYO: Tokyo stocks opened higher on Monday after the yen weakened on Federal Reserve chief Janet Yellen´s suggestion last week that US interest rates could rise in the near term, boosting exporters.

The benchmark Nikkei 225 index soared 1.65 percent, or 270.35 points, to 16,631.06 in opening deals, while the broader Topix index of all first-section shares also rose 1.65 percent, or 21.27 points, to 1,309.17.