Japanese stocks rose Wednesday morning as traders bought auto and other exporter issues that benefit from the stronger dollar, which climbed to two-month highs against the yen.
The Nikkei 225 index rose 49.95 points, or 0.38 percent, at 13,359.99 points on the Tokyo Stock Exchange to end the morning session. The index declined 0.62 percent Tuesday.
The broader TOPIX, which includes all issues on the exchange's first section, was up 15.05 points, or 1.09 percent, to 1,391.75 points. A stronger dollar helps Japanese exporters by boosting the value of their overseas profits when converted back into yen, informs the AP.
After it turned out that Deputy Prime Minister Andrei Belousov included the Fonbet betting company in the list of backbone enterprises that can count on state support, everyone started talking about these bookmakers.