Tokyo stocks open higher extending US rallies

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Tokyo stocks opened higher on Wednesday as investors took heart from Wall Street rallies fuelled by a drop in US Treasury yields and broadly solid corporate earnings.

The benchmark Nikkei 225 index was up 0.75 percent, or 203.39 points, at 27,453.67 in early trade, while the broader Topix index was up 0.66 percent, or 12.55 points, at 1,919.69.

Tokyo stocks began with gains “following rallies in US shares”, senior market analyst Toshiyuki Kanayama of Monex said in a note.

Overnight, Wall Street stocks rallied for a third straight day, propelled by a drop in US Treasury yields following disappointing consumer confidence data.—AFP

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