News @ AsiaOne

Japan stocks close higher

Japanese shares jump more than four percent. -AFP

Fri, Jan 25, 2008
AFP

TOKYO, JAPAN - Japanese share prices closed up 4.10 percent Friday, with a three-day rebound picking up steam after US political leaders reached a deal aimed at warding off recession, dealers said.

Shares on Asia's largest bourse were also supported by a rise in the dollar triggered by the US economic stimulus package. Japanese exporters benefit from a weak yen against the dollar.

The Tokyo Stock Exchange's benchmark Nikkei-225 index ended up 536.38 points at 13,629.16. The broader Topix index of all-first section shares gained 60.32 points, or 4.70 percent, to 1,344.77, recovering the symbolic 1,300-point mark. --AFP

 
 
 
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