Nikkei hits highest level in almost 27 years in morning on U.S. stocks' rise, weak yen
The Nikkei Stock Average soared to its highest level in almost 27 years Friday morning, as U.S. shares advancing overnight prompted buying, with the market supported by a weak yen and expectations for Japanese corporate earnings.
The 225-issue Nikkei index added 405.66 points, or 1.70 percent, from Thursday to 24,202.40.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 23.93 points, or 1.33 percent, at 1,824.04.
Every industry category moved into positive territory, with pulp and paper, oil and coal product, and farm and fishery-linked issues comprising those that gained the most by the morning break.
