Tokyo stocks rise on positive G20 finance chiefs’ moves, weak yen

Tokyo, Feb 29 (IANS) Tokyo stocks rose from the off on Monday as hopes following the G20 finance ministers’ agreement to help stabilise markets, coupled with the yen’s comparative weakness spurred an upbeat market mood.

As of 9:15 a.m. local time, the 225-issue Nikkei Stock Average gained 197.13 points, or 1.22 percent, from Friday to 16,385.54, Xinhua reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, rose 16.57 points, or 1.26 percent, to 1,327.84.

Notable early advancers comprised transportation equipment, insurance and nonferrous metals-linked stocks. Enditems on Friday afternoon.

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