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Tokyo stocks open higher extending US rally

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Tokyo

Tokyo stocks opened higher on Friday, extending gains on Wall Street, which was buoyed by the Fed-eral Reserve’s indicating it could soon unwind its easing, in line with market expectations.

The benchmark Nikkei 225 index was up 1.66 per-cent or 491.91 points at 30,131.31 while the broader Topix index advanced 1.57 percent or 32.08 points to 2,075.63.

“Investors in Japanese shares are buying back as worries over China’s Evergrande receded, and fol-lowing the results of the US Federal Re-serve’s pol-icy meeting,” senior strategist Yoshihiro Ito of Oka-san Online Securities said in a note.—APP

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