Tokyo stocks rally in morning as exporters rise on weak yen, oil glut halt lifts mood

Tokyo stocks rallied Tuesday morning, with the benchmark Nikkei stock index adding more than 3 percent as investors piled into exporters as the yen softened against the US dollar and sentiment was further lifted by a halt in the global oil glut.

The 225-issue Nikkei Stock Average jumped 565.90 points, or 3.48 percent, from Monday to 16,841.85.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, leapt 40.27 points, or 3.05 percent, to 1,360.42.

All industries categories on the main section advanced by the morning break, with banking, insurance, and electric appliance-linked shares comprising notable gainers.