Tokyo stocks flat in morning

TOKYO, 14th May, 2024 (WAM) -- Tokyo stocks were mostly flat Tuesday morning, reported Kyodo News.

The 225-issue Nikkei Stock Average rose 19.64 points, or 0.05 percent, from Monday to 38,199.10.

The broader Topix index was down 1.14 points, or 0.04 percent, at 2,722.94.

The dollar rose to the mid-156 yen level in Tokyo on persistent speculation that US interest rates will remain elevated for longer after the New York Federal Reserve said Monday that consumer inflation expectations for the year ahead rose in April from a month earlier.