Japan stocks rally as yen weakens toward ¥112 – Financial Times

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Tokyo-listed equities were taking their cues from Wall Street on Tuesday morning, with tech and financial stocks among the best performers in early trade as the yen neared its weakest level in more than three weeks.

The yen was 0.2 per cent weaker on Tuesday at ¥111.75, the softest level against the dollar since May 26.

That was helping drive gains across the board in Tokyo, where the Topix index was up 1 per cent. The top performing segments were materials, up 1.6 per cent, financials, up 1.5 per cent, telecoms, up 1.4 per cent, and information technology stocks, up 1.2 per cent.

Those gains come after financial and tech stocks helped push the benchmark S&P 500 equity index up 0.8 per cent on Wall Street to a record close of 2,453. The technology sub-index closed 1.7 per cent higher, recovering partially from a savage sell-off in the sector just over a week ago.