BUSINESS Tokyo stocks open higher on buybacks after losing streak

BUSINESS

Tokyo stocks open higher on buybacks after losing streak

Xinhua

10:27, February 19, 2020

TOKYO, Feb. 19 (Xinhua) -- Tokyo stocks opened higher Wednesday as investors bought back issues oversold following the market's recent losing streak, with exporters advancing on a weaker yen.

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File photo

As of 9:15 a.m., the 225-issue Nikkei Stock Average rose 115.12 points, or 0.50 percent, from Tuesday to 23,308.92.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 7.28 points, or 0.44 percent, to 1,672.99.

Precision instrument, pharmaceutical, and warehousing and harbor transportation-linked issues comprised those that gained the most in the opening minutes after the morning bell. 

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