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Tokyo stocks close sharply higher on Wall Street surge
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16:45, November 25, 2008

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Tokyo stocks closed sharply higher Tuesday, with the key Nikkei index closing above the 8,000 mark, as investors were eased by the overnight Wall Street surge following the U.S. plan to rescue embattled Citigroup Inc. and President-elect Obama's highly-expected economic policy.

The benchmark 225-issue Nikkei Stock Average gained 413.14 points, or 5.22 percent, from Friday to 8,323.93, regaining the 8,000 mark last logged on Wednesday at the closing level. Monday was a national holiday in Japan.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 28.89 points, or 3.60 percent, to 831.58. The Second Board also gained ground.

Stocks advanced across the board, led by real estate, consumer finance and insurance issues.

Source:Xinhua



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