11 September 2002, 09:13  Stocks close morning higher, dollar higher against yen

/www.fxserver.com/ TOKYO (AP) -- Tokyo stocks rose Wednesday morning, led by blue-chip automakers and electronics shares. The dollar gained ground against the yen.
The benchmark 225-issue Nikkei Stock Average closed the morning session up 93.73 points, or 1.00 percent, at 9,403.04 points Wednesday. The Nikkei rose 3.05 points, or 0.03 percent, to close at 9,309.31 points Tuesday.
The U.S. dollar was trading at 119.78 yen on the Tokyo foreign exchange market at 11 a.m. (0200 GMT) Wednesday, up 0.66 yen from late Tuesday, but below the late New York trading level of 119.88 yen.
On the stock market, morning gains were paced by blue chips including automakers Honda and Toyota and technology giants Sony and Toshiba.
Traders said shares would likely get a boost from gains overnight on Wall Street but that terror-related worries on the anniversary of the Sept. 11 attacks would keep investors from aggressively buying.
On Wall Street on Tuesday, bargain hunting helped the Dow Jones industrial average close up 83.23, or 1 percent, at 8,602.61. The Nasdaq composite index rose 15.49, or 1.2 percent, to 1,320.09, for a three-day advance of 69.
The broader Tokyo Stock Price Index rose 6.10 points, or 0.66 percent, at 918.33 Wednesday morning. The TOPIX finished up 4.76 points, or 0.52 percent, at 912.61 Tuesday.
The euro traded at 116.84 yen late morning Wednesday, up from 116.24 yen late Tuesday in Tokyo. Against the dollar, the euro was quoted at 97.56 cents, down from 97.92 cents.
The yield on the benchmark 10-year government bond was 1.0650 percent late morning Wednesday, down from 1.0750 percent late Tuesday. The price advanced 0.09 to 102.12.

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