Tokyo stocks rise on ease in worries over Koreas
By DPA, IANSMonday, December 20, 2010
TOKYO - Japanese shares rebounded in Tuesday morning trading, boosted by easing concerns about tensions on the Korean Peninsula.
The benchmark Nikkei 225 Stock Average gained 75.27 points, or 0.74 percent, to trade at 10,291.68 while the broader Topix index was up 5.04 points, or 0.56 percent, to 903.59.
South Korea ended a live-firing drill Monday without any incidents while North Korea had said it was “not worth reacting”.
On Nov 23, North Korean artillery fire struck the South Korean island of Yeonpyeong near the disputed maritime border, killing two soldiers and two civilians.
Meanwhile, North Korea reportedly said it would allow inspectors from the International Atomic Energy Agency access to its key nuclear complex.
On currency markets at 9 a.m. (0000 GMT), the dollar traded at 83.78-79 yen, down from Monday’s 5 p.m. quote of 83.86-87 yen.
The euro traded at $1.3116-3123, down from $1.3166-3167 Monday, and at 109.90-92 yen, down from 110.41-45 yen.
