Tokyo stocks open higher with eyes on earnings

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Tokyo

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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