Tokyo stocks rise in early trade on yen’s retreat

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Tokyo, April 12 (IANS) Tokyo stocks opened higher on Tuesday as investors bought back issues on the cheap, with sentiment buoyed by a comparatively weak yen versus the US dollar.

As of 9:15 a.m. local time, the 225-issue Nikkei Stock Average rose 164.74 points, or 1.05 percent, from Monday to 15,915.87, Xinhua reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, increased 14.89 points, or 1.16 percent, to 1,294.68.

Notable early gainers were led by banking, marine transportation, and pharmaceutical-linked stocks.

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