Share prices in Tokyo closed higher this morning, led by exporters after the dollar rose against the yen on renewed hopes for the US economic recovery. The Nikkei 225 rose 107.37 points, or 1.1pc, to 9,960.20, while the broader TOPIX index of all first-section shares rose 13.66 points, or 1.4pc, to 988.11. Among the exporters, Hitachi rose 5.5pc, Tokyo Electron gained 3.8pc, TDK added 3.6pc and Sharp rose 3.5pc. Shares on Tokyo also benefited from rising investor confidence following a strong rebound on Wall Street, where the Dow Jones and the Nasdaq almost recovered all of last week's losses in one session.
Revised third quarter GDP numbers today will probably show that the US economy grew at a 7.6pc annualised basis, up from an earlier estimate of 7.2pc. The dollar rose ahead of the news, climbing above 109 yen. Other reports this week will probably show US durable goods orders rose in October for the fourth month in five and that consumer sentiment and manufacturing in the Chicago region rose again in November. //www.fxcentre.com