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STOCKS-MARKETS-JAPAN-OPEN
Tokyo stocks open higher with eyes on earnings, US jobs data
TOKYO, Nov 2, 2018 (BSS/AFP) – Tokyo stocks opened higher on Friday
extending rallies in New York, as investors watched corporate earnings
reports and awaited key US jobs data.
The benchmark Nikkei 225 index was up 0.39 percent or 83.95 points at
21,771.60 while the broader Topix index was up 0.23 percent or 3.17 points at
1,635.76.
“Tokyo share trading in early hours is seen dominated by purchases, helped
by a tailwind from gains in US shares,” Okasan Online Securities said in a
commentary.
“The market sentiment is not bad, as shares with good corporate results
are rising,” it noted.
The dollar fetched 112.80 yen in early Asian trade, against 112.62 yen in
New York late Thursday.
NTT Docomo rebounded by 3.33 percent to 2,507 yen after a 14.71 percent
dip in the previous session following its announcement that it would cut fees
under government pressure.
Its rival KDDI was up 3.64 percent at 2,446 yen after it reported six-
months to September results in line with market expectations.
It also confirmed a tie-up with online retailer Rakuten.
Japan Airlines was down 0.68 percent at 3,920 yen after news its pilot was
arrested before a flight for being drunk and almost 20 times the legal
alcohol limit for a pilot.
Its rival All Nippon Airways was unchanged at 3,735 yen.
Suzuki Motor plummeted 7.60 percent to 5,214 yen after it reported 136.18
billion yen net profit for the six months to September and disappointed
investors with lower-than-expected second quarter operating profit.
Market heavyweight and Uniqlo casual wear operator Fast Retailing was up
1.43 percent at 58,850 yen.
BSS/AFP/HR/0928