Japanese stocks edged up in Tuesday’s morning trading with some export-oriented shares boosted by a weaker yen.
The Nikkei 225 Stock Average gained 35.47 points, or 0.37 per cent, to trade at 9,556.27 while the broader Topix index was up 1.13 points, or 0.13 per cent, at 860.34.
Tokyo shares opened lower Tuesday after an overnight fall on Wall Street and fresh debts worries in Europe, this time over Hungary.
On currency markets at 9 am (0000 GMT), the dollar traded at 91.57—58 yen, up slightly from Monday’s 5 pm quote of 91.47—50 yen.
The euro traded at 1.1926—1928 dollars, up slightly from 1.1920—1923 dollars Monday, and at 109.20—24 yen, up from 109.05—09 yen.
A weaker yen makes Japanese exports more competitive and improves Japanese companies’ overseas earnings when the revenues are repatriated.