Tokyo stocks climb 1.6% on stronger dollar

Special Report:Global Financial Crisis

TOKYO, Feb. 6 (Chinese media) -- Tokyo stocks closed higher Friday on a stronger U.S. dollar relative to the yen and an overnight rise on Wall Street.

The 225-issue Nikkei Stock Average gained 126.97 points, or 1.60 percent, from Thursday to 8,076.62, recovering the 8,000 line for the first time since Wednesday.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 4.43 points, or 0.56 percent, to 790.84.

The dollar rose to upper 91 yen in New York before it edges down to lower 91 yen range in Tokyo, near the one-month high.

Exporters gained strength from the dollars soar. Canon rose 120 yen, or nearly 5 percent, to 2,560 yen, and Tokyo Electron was up 240 yen, or over 7 percent, to 3,590 yen.

Japan Airlines was one of major decliners, losing 1 yen, or 0.53 percent, to 189 yen. The biggest airliner in Japan said earlier in the day it anticipates a group operating loss of 410 million dollars for the current business year through March, its first red ink in three years.

Despite rises in the key indexes, declining issues outnumbered advancing ones 876 to 705, with 134 others remaining unchanged on the First Section.

Trading volume on the main section came to 1,973.72 million shares, down from Thursday's 2,186.09 million. Toshiba, both the day's value and volume leader, fell 10 yen, or nearly 4 percent, to 263 yen, as the Japanese electronics giant struggles with production and personnel cuts.

The TSE's Second Section index was down 3.62 points, or 0.19 percent, to 1,872.90 on a volume of 20.84 million shares. On the Osaka Securities Exchange, the near-term March Nikkei 225 index futures contract was up 130 points to 8,060.