Tokyo stocks extended their gains during the morning session. High-priced stocks led the advance, with the Nikkei 225 trading higher while the TOPIX remained in negative territory.
As of 10:17 a.m., the Nikkei 225 had extended its gains, with SoftBank Group up more than 7%. The single stock was lifting the Nikkei 225 by approximately ¥300.
The yen was moving higher, weighing on automobile and other stocks. More than half of Prime Market issues were lower, and the Tokyo Stock Price Index, or TOPIX, was trading in negative territory.
The Nikkei 225 opened ¥284.46 higher than the previous day at ¥64,498.94, rebounding at the open as buying prevailed on the positive momentum from higher U.S. stocks, amid easing expectations for an early rate hike by the FRB. (End)