Tokyo stocks rose Monday morning after investors picked up selected high-technology and exporter shares in a round of bargain hunting. The U.S. dollar was lower against the yen.
The benchmark Nikkei Stock Average of 225 selected issues rose 55.73 points, or 0.50 percent, to 11,294.10 points at midday. The Nikkei lost 46.40 points, or 0.41 percent, on Friday.
The dollar bought 102.80 yen on the Tokyo foreign exchange market at 11 a.m. local time Monday, down 0.82 yen from late Friday but above the 102.67 yen it bought in New York later that day.
On the stock market, automaker Mazda Motor Corp. and high-technology issues Canon Inc., TDK Corp., and Advantest Corp. rose as traders hunted for bargains in the wake of earlier losses.
The broader TOPIX, or the index of all issues on the Tokyo Stock Exchange's first section, climbed 5.03 points, or 0.44 percent, to 1,137.21 at midday. The TOPIX fell 1.19 points, or 0.10 percent, on Friday.
In New York Friday, a surge in oil prices sent the major U.S. stock indexes to their lowest levels of the year.
The Dow Jones industrial average fell 78.48, or 0.75 percent, to 10,392.99 while the broader Standard & Poor's 500 index dropped 7.54, or 0.64 percent, to 1,167.87.
In other currencies, the euro rose to US$1.3037 late Monday morning in Tokyo from US$1.2974 late Friday. Against the Japanese currency, the euro fell to 134.05 yen from 134.55 yen.
The yield on Japan's benchmark 10-year government bond rose to 1.3550 percent from Friday's finish of 1.3450 percent. Its price fell 0.09 to 100.39 points.