Tokyo stocks edge higher in morning amid optimism for U.S. tax reforms, Fed rate hike

TOKYO, Nov. 2 (Xinhua) -- Tokyo stocks edged higher Thursday morning as the market reacted positively to news of possible tax reforms in the U.S. as well as the U.S. Federal Reserve holding its rates steady and indicating it was on course for a rate hike in Dec.

The 225-issue Nikkei Stock Average edged 38.22 points, or 0.17 percent higher, from Wednesday to 22,458.30.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 4.42 points, or 0.25 percent, to 1,791.13.

Mining, nonferrous metal and air transportation-linked issues comprised those that gained the most by the morning break.