Tokyo stocks higher on Monday
Some exporters, like Sony, were sold after the yen rallied to a one-month high against the dollar.
TOKYO, (Reuters) - The Nikkei average rose 0.13 percent on Monday morning, paring earlier gains as some exporters, such as Sony Corp., were sold after the yen rallied to a one-month high against the dollar. But buying continued in shares in companies with bright earnings outlooks, such as non-ferrous metal maker Sumitomo Metal Mining Co., while Nippon Sheet Glass Co. Ltd. rose on hopes for its takeover of a British glass maker. The Nikkei was up 21.38 points at 16,123.29 after rising as high as 16,290.15. The broader TOPIX index was up 0.15 percent at 1,650.22. ________________________________________________ For world markets, click here. |
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