Tokyo stocks open higher after mixed US close

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Tokyo stocks opened higher Monday after a mixed US session, with trading expected to stay within a narrow range with some support from bargain hunting.

The benchmark Nikkei 225 index was up 0.99 percent, or 264.04 points, at 27,003.07 in early trade, while the broader Topix index was up 0.84 percent, or 15.85 points, at 1,893.22.

“Japanese shares are expected to move in a narrow range, on cautious views over the US economic outlook” after the Dow and S&P 500 finished Friday’s rollercoaster session essentially flat, Mizuho Securities said.

“Buy orders could emerge for stocks that have fallen enough, so the day’s trade will see ebbs and flows,” it added.—AFP

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