Tokyo stocks open up 0.39pc

Tokyo stocks opened 0.39 per cent higher Tuesday after slipping the previous day on persistent fears about the looming US ”fiscal cliff” of spending cuts and tax hikes. The Nikkei 225 index at the Stock Exchange, which fell 0.93 per cent Monday, was up 34.08 points at 8,710.52 at the start. The benchmark index is likely to remain rangebound with an upward bias Tuesday after US markets ended little moved on Monday, with bond markets and government offices closed for the annual Veterans Day holiday, brokers said.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1081386/tokyo-stocks-open-039pc