Tokyo stocks rose Wednesday morning following Wall Street's rally. The dollar was up against the Japanese yen. The Nikkei Stock Average of 225 issues gained 108.05 points, or 0.97 percent, to 11,233.97 points at the end of morning trading. On Tuesday, the index gained 22.50 points, or 0.20 percent.
The dollar bought 104.26 yen at 11 a.m. in Tokyo, up 0.17 yen from late Tuesday but below the 104.38 yen it bought in New York trading later that day.
On the stock market, prices started higher as investors took a cue from Wall Street's strong gains.
Technology issues Kyocera Corp. and Canon Inc. moved higher, as did semiconductor testing device maker Advantest Corp. Banks like Mitsubishi Tokyo Financial Group Inc. and UFJ Holdings Inc. also advanced.
U.S. stocks surged Tuesday as two Wall Street firms reported better-than-expected earnings and a brokerage gave tech bellwether Intel Corp. a ratings upgrade.
The Dow Jones industrial average rose 97.83, or 0.92 percent, to 10,759.43 -- the best close for the Dow since June 13, 2001, surpassing the previous 2004 high of 10,737.70 set on Feb. 11. The Nasdaq composite index gained 23.06, or 1.08 percent, to 2,150.91. <>br In Tokyo Wednesday morning, the index of all issues on the Tokyo Stock Exchange's first section added 6.65 points, or 0.60 percent, to 1,122.99 points. The TOPIX rose 6.58 points, or 0.59 percent, the day before.
In currencies, the dollar maintained its stability from New York trading.
The euro fell to $1.3359 late Wednesday morning in Tokyo from $1.3364 late Tuesday and also below the $1.3373 in New York later that day. Against the yen, the euro inched down to 139.28 yen from 139.35 yen.
The yield on Japan's benchmark 10-year government bond slipped to 1.3500 percent from Tuesday's finish of 1.3550 percent. Its price rose 0.04 to 101.31 points.