Tokyo stocks rise

Tokyo, July 8 (IANS) Tokyo stocks opened higher on Friday as investors piled into shares deemed oversold following the market’s three-day losing streak triggered by Brexit concerns and a strong yen.

The 225-issue Nikkei Stock Average added 75.17 points, or 0.49 per cent, from Thursday to 15,351.41, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 5.21 points, or 0.42 per cent, to 1,231.30.

Notable issues that advanced form the morning bell included miscellaneous product, transportation equipment and pharmaceutical-linked stocks.

–IANS

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