Tokyo shares open higher on US gains

Tokyo, March 31 (IANS) Tokyo shares opened the trading on Thursday higher following gains in the overnight US stocks market and a softer yen.

At 9:15 a.m., the 225-issue Nikkei Stock Average gained 89.33 points, or 0.53 percent, from Wednesday to 16,968.29.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 5.28 points, or 0.39 percent, to 1,361. 57.

Chinese shares open higher

Chinese stocks opened higher on Thursday, with the benchmark Shanghai Composite Index up 0.29 percent, at 3,009.37 points.

The smaller Shenzhen index opened 0.47 percent higher at 10,494.52 points, Xinhua news agency reported.

The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, gained 0.34 percent to open at 2,256.43 points.

Chinese yuan strengthens to 6.4612 against USD

The central parity rate of the Chinese yuan strengthened to 229 basis points to 6.4612 against the US dollar on Thursday, 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 percent 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.

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