Tokyo stocks open up 0.43%

Tokyo stocks opened 0.43 percent higher on Thursday as the dollar held steady and the White House moved to convene meetings with leading members of Congress over a budget impasse.

The Nikkei 225 index rose 59.78 points to 14,097.62 at the start.

"The signs emanating from Washington D.C. are slightly more positive for equity sentiment," Hiroichi Nishi of SMBC Nikko Securities said.

"Talk of a short-term increase in the debt limit to allow time for broader budget negotiations is seen as a first step to ending the deadlock," Nishi said.

"But with only a week to go now (until October 17 default), there isn't a great deal of time," he added.

President Barack Obama on Wednesday invited Republican and Democratic lawmakers to the White House to try to work through budget disagreements that have resulted in the partial shutdown of the government.

The shutdown threatens to cause a debt default if the two sides fail to raise the borrowing limit by the deadline next week.

On Wednesday, the S&P 500 and Dow were slightly higher, but the sell-off in tech stocks continued unabated from Tuesday, when the Nasdaq plunged two percent.

The dollar was at 97.51 yen in early Thursday, compared with 97.37 yen in New York Wednesday afternoon.

-- Dow Jones Newswires contributed to this article --

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2524-0.0004-0.04%
    USDSGD=X
    1.7302-0.0005-0.03%
    EURSGD=X
    2.1032-0.0008-0.04%
    GBPSGD=X
    81.7774+0.0447+0.05%
    SGDJPY=X
    6.1915+0.0021+0.03%
    SGDHKD=X
    2.5854+0.0009+0.04%
    SGDMYR=X
    9,118.4932-32.7256-0.36%
    SGDIDR=X
    4.9713+0.0072+0.14%
    SGDCNY=X
    1.1686+0.0001+0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.60-8.90-0.68%
    GCM14.CMX
    19.65+0.02+0.08%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.04+0.02+0.51%
    HGK14.CMX
    104.59+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI