Tokyo stocks open higher with eyes on earnings

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Tokyo stocks opened higher on Tuesday, extending US rallies, with investors gradually shifting focus to the start of Japan’s corporate earnings season.

The benchmark Nikkei 225 index was up 0.45 percent, or 121.19 points, at 27,096.19 in early trade, while the broader Topix index was up 0.49 percent, or 9.25 points, at 1,896.44. “Trade in the Tokyo market will likely lose its sense of direction after starting with gains” following rallies on US and European bourses, SBI Securities said.

With some investors hoping to sell on share price rebounds, “active buying will be difficult ahead of the start of the corporate earnings report season,” it added— AFP

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