Tokyo Stock Exchange Rises by Close to 2% in Yen-Driven Opening

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Tokyo, 23 Mar The main index on the Tokyo Stock Exchange, Nikkei, rose by about 2% at the opening on Wednesday and continued to spread gains, driven by the devaluation of the yen against the dollar and the push that this brings for its exporters. After the first 25 minutes, Nikkei, which brings together the 225 most representative titles on the market, accumulated a rise of 1.91% or 519.06 points, and stood at 27,743.17 whole. Topix, which includes the firms of the first section, the ones with the highest capitalization, totaled 1.33% or 25.80 points, and moved at 1,959.54 units. The Tokyo parquet continued today at the beginning of the previous trend, when Nikkei rose 1.48% after the dollar reached its highest level in six years against the yen, a trend that improves the competitiveness of Japanese products abroad and fuels gains when remittances are returned. The greenback was exchanged at today's opening in Tokyo in the low 121-yen bracket, compared to the mid-range of 120 yen on Tuesday afternoon. This has generated strong demand for export-related shares, which continued to be the driving force in today's session. The manufacturer of analysis equipment for semiconductor components Lasertec was the most traded company at startup and its shares rose by 5.74%. The financial group Mitsubishi UFJ was second in terms of transactions and was up 2.01%, followed by the telecommunications group Softbank, which scaled 5.71%. The vehicle manufacturer Toyota was up 2.11% despite announcing the previous day an additional suspension of domestic production lines due to the impact of the earthquake in the northeast of the country in the middle of last week. The video game developer and distributor Nintendo earned 3.37% and the technology multinational Sony, 1.03%.