Tokyo shares opened higher on Monday after Wall Street rebounded, backed by gains among high-tech stocks.
The benchmark Nikkei 225 index gained 1.23 per cent, or 325.72 points, to 26,753.37 at the open, while the broader Topix index rose 1.03 per cent, or 19.13 points, to 1,883.33.
Wall Street stocks rallied on Friday, finally managing to score gains at the end of a week beset by worries over inflation, the Ukraine war and the global economic outlook.
The tech-rich Nasdaq Composite Index led the major US indices, jumping 3.8 per cent. The Dow Jones Industrial Average climbed 1.5 per cent, while the broad-based S&P 500 rose 2.4 per cent.
"The Dow rebounded for the first time (after a six-day losing streak) and Nasdaq continued to grow significantly. This will be a tailwind for Japanese stocks," Okasan Online Securities said.
The dollar fetched 129.48 yen against 129.19 yen in New York on Friday.
SoftBank Group climbed 1.32 per cent to 5,107 yen while Uniqlo operator Fast Retailing jumped 2.44 per cent to 60,220 yen.
Chip-making equipment manufacturer Tokyo Electron grew 2.36 per cent to 58,340 yen while chip-testing equipment maker Advantest gained 2.10 per cent to 8,740 yen.
Sony Group added 1.12 per cent to 11,225 yen.
(Published 16 May 2022, 01:04 IST)
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