Tokyo stocks posted its largest-ever single-day percentage gain, with the key Nikkei index skyrocketing more than 14 percent.
The 225-issue Nikkei Stock Average rose 1,171.14 points, or 14.15 percent, from Friday to 9,447.57. It was the Nikkei's largest percentage gain, surpassing its previous record of a 13.24 percent rise logged on Oct. 2, 1990.
With stocks advancing in all 33 sectors on the TSE, the Nikkei recovered to the 9,000 level after ending Friday at 8,276.43, its lowest close since May 28, 2003.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 115.44 points, or 13.73 percent, to 956.30.
The Nikkei witnessed the sharp gain after losing ground for seven straight trading days through Friday with a total loss of more than 3,000 points. On Friday alone, the Nikkei shed 881.06 points, or 9.62 percent on panic selling.
The remarkable rebound was simulated by a series recent actions and pledges by governments and central banks worldwide to ease the global credit crunch. It was also boosted by rise across world markets on Monday, when Tokyo market was closed for a national holiday.
On Wall Street, the Dow Jones Industrial Average rose 936.42 points, the largest-ever single-day point gain, from a five-year-low level Friday after Group of Seven financial chiefs unveiled anaction plan, including public capital injections, to contain the spread of worldwide financial crisis.
Automaker Toyota Motor gained by its daily limit of 500 yen, or over 15 percent, to 3,720 yen. Canon, a major manufacturer of digital cameras and printers, also rose by its daily limit of 500 yen, or over 16 percent, to 3,600 yen. Value leader Sumitomo Mitsui Financial Group advanced 93,000 yen, or nearly 17 percent, to 645,000 yen.
On the First Section, advancing issues outnumbered declining ones 1,678 to 25, with 6 others remaining unchanged.
Trading volume on the main section came to 2,383.00 million shares, down from Friday's 3,274.41 million.
The TSE's Second Section index was up 168.97 points, or 9.00 percent, to 2,046.46 on a volume of 66.21 million shares. On the Osaka Securities Exchange, the near-term December Nikkei 225 index futures contract was up 1,660 points to 9,680.
Source: Xinhua
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