TOKYO — Tokyo stocks opened higher on Monday, buoyed by investor relief over continued gains on Wall Street last week. “Japanese stocks this week will likely test a rebound from sharp drops earlier in the month,” Okasan Online Securities said in a note. In New York on Friday, the Dow finished narrowly positive, up 0.1 percent to 25.219,38, before a long weekend. The yen’s rise has come to a lull, with the dollar trading at 106.27 yen against 106.25 yen in New York on Friday. Banks were also higher, with Mizuho up 1.41 percent at 201.2 yen and Mitsubishi UFJ up 1.44 percent at 787.7 yen.

Source: Manila Times February 19, 2018 01:18 UTC