TOKYO: Tokyo stocks took a positive start on Monday after the dollar climbed against the yen on oil-producing groups OPEC’s conclusion not to cut production.
The Nikkei 225 index at the Tokyo Stock Exchange was up 0.09 per cent, or 15.25 points, to 17,475.10 at the start.
The dollar was at 118.87 yen (S$1.31) early Monday, up from 118.65 yen in New York Friday afternoon.
The euro also rose to 147.87 yen from 147.64 yen in US trade, while buying US$1.2438 (S$1.62) against US$1.2443.
A weaker yen is a positive for Japanese exporters as it makes them more competitive abroad and increases profits when they are repatriated.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...