(MENAFN- Qatar News Agency) Tokyo September 03 (QNA) - Tokyo stocks continued to rise Wednesday morning with the Nikkei index hitting a fresh seven-month high as the yen's weakness against the U.S. dollar and euro gave a boost to export-led shares Nikkei Asian Review reported. The 225-issue Nikkei Stock Average gained 129.92 points or 0.83% from Tuesday to 15798.52 after hitting 15812.42 its highest intraday level since Jan. 23. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 8.06 points or 0.62% to 1305.06. Stocks drew buying from the outset of trading thanks to the dollar's firmness in the lower 105 yen range its highest level in around eight months. Yasuhisa Shiozaki a former chief Cabinet secretary and a proponent of reforming the Government Pension Investment Fund is set to be appointed as new welfare minister in Prime Minister Shinzo Abe's Cabinet reshuffle later in the day. Reform of the GPIF - one of the world's biggest institutional investors overseen by the welfare ministry - is expected to target boosting the weight of domestic stocks as well as foreign bonds in its portfolio. Elsewhere in Asia Hong Kong stocks gained 328.44 points or 1.33 percent to close Wednesday's morning session at 25077.46 points China News (Xinhua) reported. (QNA)
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