Tokyo stocks open higher with eyes on earnings


Tokyo stocks opened higher on Monday in cautious trade with investors eyeing corporate earnings due this week.

The benchmark Nikkei 225 index was up 0.81 per-cent or 221.02 points at 27,504.61 in early trade, while the broader Topix index advanced 0.88 per-cent or 16.78 points to 1,917.86.

“We see Japanese shares trading up and down with no clear direction, as support from bargain-hunting purchases is offset by falls in US high-tech shares and worries over expansion in virus infectious cases at home,” Mizuho Securities said in a note.

Investors are watching corporate earnings reports due later Monday and this week, analysts added.—APP

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