Tokyo stocks advance in morning as weak yen lifts exporters, gains capped by LDP's election loss

Source: Xinhua| 2017-07-03 11:53:54|Editor: Mengjie
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TOKYO, July 3 (Xinhua) -- Tokyo stocks rose Monday morning as exporters were lifted by the yen's retreat against the U.S. dollar with the market mood also brightened by improving business sentiment.

Caution was evident, however, on concerns for the future course of the ruling Liberal Democratic Party after it suffered a heavy defeat in the Tokyo metropolitan assembly election a day earlier.

The 225-issue Nikkei Stock Average added 26.78 points, or 0.13 percent, from Friday to 20,060.21.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 1.49 points, or 0.09 percent, at 1,613.39.

Oil and coal product, iron and steel, and transportation equipment-linked issues comprised those that gained the most by the morning break.

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