Tokyo stocks up 0.20% by break

Tokyo stocks rose 0.20 percent Thursday morning after the Dow powered to a new record on Wall Street thanks to robust US corporate earnings, but the gains were capped by a stronger yen.

The Nikkei 225 index added 30.05 points to 15,409.35 by the break, while the Topix index of all first-section issues gained 0.28 percent, or 3.55 points, to 1,277.14.

Japanese stocks are catching up with overseas markets after taking a hit on concerns about an April sales tax and the Bank of Japan's decision to hold off further stimulus measures, said Shigeo Sugawara, senior investment officer at Sompo Japan Nipponkoa Asset Management.

"Fundamentals aren't as bad as previously thought in the markets. That is going to be clear in the quarterly earnings results that the companies are going to report soon," he told Dow Jones Newswires.

Japanese firms will start reporting their latest financial results over the coming weeks.

In the United States strong Intel earnings and a new IBM venture with Apple boosted Wall Street stocks.

The blue-chip Dow rose 0.45 percent to another all-time higher, while the broad-based S&P 500 gained 0.42 percent and the Nasdaq Composite added 0.22 percent.

On foreign exchanges markets the dollar changed hands at 101.51 yen, down from 101.69 yen in New York Wednesday afternoon.

In share trade KDDI rose 1.10 percent to 6,305 yen after the Japanese carrier announced it and trading house Sumitomo had signed a deal with Myanmar's state-run Myanma Posts and Telecommunications to jointly operate a mobile phone service in the country.

Oil and metals group JX Holdings added 0.18 percent to 540 yen after announcing it would launch a new company to promote the construction of hydrogen stations in Japan for fuel-cell vehicles.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3705+0.0028+0.20%
    USDSGD=X
    1.5119-0.0036-0.24%
    EURSGD=X
    2.0884+0.0007+0.03%
    GBPSGD=X
    87.5877+0.0685+0.08%
    SGDJPY=X
    5.6593-0.0109-0.19%
    SGDHKD=X
    2.6630-0.0109-0.41%
    SGDMYR=X
    9,492.8867-11.0264-0.12%
    SGDIDR=X
    4.5720-0.0101-0.22%
    SGDCNY=X
    1.0676-0.0016-0.15%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,201.60+0.70+0.06%
    GCJ15.CMX
    16.24+0.08+0.48%
    SIK15.CMX
    72.43-0.26-0.36%
    ^XAU
    2.660.00-0.02%
    HGK15.CMX
    51.21-0.32-0.62%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.58-0.03
    ^FVX
    2.12-0.01
    ^TNX
    2.710.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    100.015+0.0010.00%
    41H.SI
    0.139+0.004+2.96%
    5GB.SI
    0.280.000.00%
    5WA.SI
    0.41-0.02-3.53%
    E5H.SI
    0.95-0.01-1.55%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.03+15.79%
    B26.SI
    0.114+0.009+8.57%
    5TN.SI
    0.128+0.010+8.47%
    5G2.SI
    0.235+0.015+6.82%
    D79.SI
    0.695+0.035+5.30%
    TI6.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.02-14.73%
    5MD.SI
    0.61-0.06-9.63%
    O9E.SI
    0.20-0.02-9.09%
    B1N.SI
    0.21-0.02-8.70%
    5G1.SI
    0.305-0.025-7.58%
    T4B.SI