Tokyo stocks rebounded Thursday, boosted by economic stimulative measures taken by Europe and China, as well as optimism on Obama administration's possible economic policies.
The 225-issue Nikkei Stock Average gained 160.17 points, or 1.95 percent, from Wednesday to 8,373.39.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 11.81 points, or 1.45 percent, to 829.03.
Gains were led by mining, sea transport and securities issues. Major decliners included information and communications and auto stocks.
China's central bank slashed key deposit and lending rates by 1.08 points each, an unusually large cut, while the European Union released a 200 billion euro economic stimulus package to boost economy.
U.S. President-elect Barack Obama's announced Wednesday that he will launch a new panel as financial and economic advisory body also help Tokyo stocks to remain positive.
By sector, financial issues took the lead of gainers. Mizuho Financial Group rose 6,000 yen, or 2.5 percent, to 246,400 yen, and volume leader Mitsubishi UFJ Financial Group gained 20 yen, or over 4 percent, to 518 yen.
Notable decliners included Panasonic, which fell 63 yen, or nearly 5 percent, to 1,284 yen, on news that it has slashed its group net profit projection for fiscal 2008 by 90.3 percent from its original target to 30 billion yen.
On the First Section, advancing issues outnumbered declining ones 1,026 to 560, with 123 others remaining unchanged.
Trading volume on the main section came to 1,584.49 million shares, down from Wednesday's 1,667.44 million.
The TSE's Second Section index was down 1.04 points, or 0.05 percent, to 1,939.46 on a volume of 19.66 million shares.
The near-term December Nikkei 225 index futures contract on the Osaka Securities Exchange was up 230 points to 8,370.
Source:Xinhua
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