TOKYO (Kyodo) -- Tokyo stocks opened sharply higher Tuesday, boosted by buying of exporter issues as fears over a potential global trade war eased after U.S. President Donald Trump suspended planned tariffs on Mexico and Canada for a month.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 604.43 points, or 1.57 percent, from Monday to 39,124.52. The broader Topix index was up 33.84 points, or 1.24 percent, at 2,754.23.

On the top-tier Prime Market, gainers were led by transportation equipment, nonferrous metal and electric appliance issues.

At 9 a.m., the U.S. dollar fetched 155.26-28 yen compared with 154.70-80 yen in New York and 155.61-64 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.0328-0329 and 160.35-39 yen against $1.0337-0347 and 160.01-11 yen in New York and $1.0224-0226 and 159.11-15 yen in Tokyo late Monday afternoon.