Tokyo stocks soar 3.76 percent
19/9/2008 16:47
Tokyo stocks rebounded 3.76 percent today as investors gained confidence
from the US rescue measures for the financial market.
The benchmark
Nikkei-225 index went up 431.56 points, or 3.76 percent from yesterday to
11,920.86.
The broader Topix index of all First Section issues on the Tokyo
Stock Exchange rose 51.44 points, or 4.69 percent, to 1,149. 12 points.
The
gains came after action by the world's major central banks began measures to
rescue troubled financial firms. The Federal Reserve agreed to inject US$180
billion as part of a global total of US$300 billion to ease the crunch in money
markets.
Dealers also believed the possible newly-created entity in the
United States to buy bad loans from banks boosted the confidence in the
market.
Tokyo stocks, like most Asian markets, experienced a rollercoaster
week after the US investment bank Lehman Brothers went bankruptcy on Monday.
Nikkei fell to a more than three-year low on Tuesday and dipped even further
yesterday.
Xinhua
|
