Tokyo stocks hit over 2-year high on weak yen

TOKYO, Sept 25 (KUNA) -- Tokyo stocks rebounded on Monday, sending a key index to the highest closing level in two years and one month on the weaker yen.
The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) gained 101.13 points, or 0.50 percent, from Friday to 20,397.58.
The broader Tokyo Stock Price Index, which includes all shares on the market's First Section on the TSE, was also up 8.21 points, or 0.49 percent, to 1,672.82. The yen's depreciation against the US dollar prompted investors to buy export-oriented issues. The weak yen supports exports by making Japanese products more competitive overseas and increase the value of repatriated overseas earning.
In the currency market, at 4:10 p.m. (0710 GMT), the dollar fetched JPY 112.28-29 against JPY 111.95-112.05 in New York and JPY 112.00-02 in Tokyo at 5 p.m. Friday. (end).
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