Tech stocks lead slight Nikkei gains

The Nikkei 225 index has closed at 10,649.09, up 159.20 points.

The Nikkei 225 index has closed at 10,649.09, up 159.20 points.

Dealers say technology stocks led the rise as the market continued to catch up with gains seen on the US Nasdaq over recent weeks, as well as a rebound in banking issues.

The dollar was at 122.17 yen in Tokyo trading, down from 122.39 in late New York trade; and at 0.8836 against the euro, compared with 0.8823 in New York.

Government bond prices closed the session lower, with the yield on the 10-year No 234 bond at 1.35 per cent, up from 1.345 per cent yesterday. The No 233 issue was yielding 1.31 per cent, up from 1.305 per cent yesterday.

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The US government 30-year bond was at 102-15/32, yielding 5.21 per cent, up from 102-2/32, yielding 5.24 per cent, in late New York trade.

PA