Tokyo shares open higher after US stocks recover

Tokyo, Aug 3: The Nikkei average rose 0.49 percent on Thursday as gains in U.S. stocks helped shares of exporters, such as Toyota Motor Corp. which have come under pressure due to worries about the U.S. Federal Reserve's next move on interest rates.

The Nikkei was up 75.90 points at 15,540.19 as of 0004 GMT. The broader TOPIX index was 0.43 percent higher at 1,576.36. Major companies to announce earnings later in the day include Mitsui O.S.K. Lines Ltd., Mitsubishi Estate Co. Ltd., Konica Minolta Holdings Inc. and Nippon Telegraph and Telephone Corp.

Reuters