LOC11:14
08:14 GMT
TOKYO, Oct 28 (KUNA) -- Tokyo stocks rebounded on Friday with a key index reaching a six-month high on the weaker yen.
The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) gained 109.99 points, or 0.63 percent, from Thursday to 17,446.41, the highest close since April 22. The broader Tokyo Stock Price Index, which includes all shares on the market's First Section on the TSE, was also up 10.40 points, or 0.75 percent, to 1,392.41.
Shares of export-oriented companies, such as automakers, advanced on the back of the yen's depreciation against the US dollar. The weak yen supports exports by making Japanese products more competitive overseas and increases their overseas profits when converted into local currency. Strong crude oil prices also boosted investor sentiment.
In the currency market, at 03:50 p.m. (0650 GMT), the dollar fetched a three-month high of JPY 105.38-39 versus JPY 105.23-33 in New York and JPY 104.61-62 in Tokyo at 05:00 p.m. Thursday. (end)
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