Tokyo shares open higher

Tokyo shares open higher

Tokyo, June 27 (IANS) Tokyo shares opened higher on Monday as market players bought in stocks that had plunged after Britain voted to leave the European Union in a referendum last week.

The 225-issue Nikkei Stock Average rose 142.74 points, or 0.95 per cent, from Friday to 15,094.76, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 10.59 points, or 0.88 per cent, to 1, 215.07.

Gainers were led by pharmaceutical, food and fishery, agriculture and forestry issues.

Chinese yuan weakens

Beijing, June 27 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 599 basis points to 6.6375 against the US dollar on Monday, according to the China Foreign Exchange Trading System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, Xinhua news agency reported.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese shares open lower

Beijing, June 27 (IANS) Chinese stocks opened lower on Monday with the benchmark Shanghai Composite Index down 0.48 per cent to open at 2,840.56 points.

The smaller Shenzhen index opened 0.57 per cent lower at 10,090.05 points, Xinhua news agency reported.

The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, was down 0.76 per cent to open at 2,111.10 points.

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