Tokyo stocks opened higher on Friday as investors took heart from Wall Street rallies.
The benchmark Nikkei 225 index was up 1.29 percent, or 343.67 points, at 26,948.51 in early trade, while the broader Topix index was up 1.06 percent, or 19.95 points, at 1,897.53.
“Japanese shares are starting with gains following US rallies,” which were partly supported by brisk retail sector earnings reports, said senior market analyst Toshiyuki Kanayama of Monex said in a note. US economic indicators released overnight were not strong, including revised-down first quarter GDP figures and a slide in second-hand home sales in April.—AFP
