TOKYO, Jan 11, 2017 (BSS/AFP) - Tokyo shares opened higher Wednesday after three days of losses, shrugging off lower oil prices and lacklustre performance on overseas markets.
Exporters rose on a lull in yen strength while investors waited for the first formal press conference by Donald Trump since his election victory.
"There's still buying appetite from individual investors who were unable to get on the recent rally," Hiroyasu Iida, the head of the investment research centre at Aizawa Securities.
But "it's difficult to take on a lot of risk before President-elect Trump's speech" later Wednesday, he told Bloomberg News.
Tokyo's benchmark Nikkei 225 index rose 0.30 percent, or 57.59 points, to 19,359.03 in the first few minutes of trading, while the broader Topix index of all first-section issues was up 0.34 percent, or 5.24 points, to 1,547.55.
Sony rose 3.38 percent to 3,509 yen while Toyota was up 0.40 percent at 6,889 yen.
Toshiba soared 4.71 percent to 302.2 yen in early trading after news reports that main lenders for the troubled conglomerate have agreed to maintain financing through until February.
In the United States, the Dow Jones Industrial Average dipped 0.2 percent, while the Nasdaq Composite Index rose 0.5 percent to finish at a fresh record.
The dollar was changing hands at 115.91 yen against 115.76 yen in New York Tuesday afternoon.