Around the World's Markets: Tokyo

Click to follow
The Independent Online
THE NIKKEI index pulled up from its 13-year lows as stocks rallied on news that the government's plan to inject public money into the banking sector had finally been supported by opposition parties, although key aspects of the deal were unclear.

The benchmark Nikkei 225 rose 675.04 points, 5.24 per cent, to 13,555.01 amid indications that the government could allocate 67 trillion yen (pounds 336bn) to recapitalise banks and protect depositors.

The Nikkei's jump added to new confidence in Asia, prompted by the yen's surge against the dollar.

Comments