Tokyo stocks up 5 per cent on bargain-hunting
Tokyo - The Tokyo market soared nearly 5 per cent to close Tuesday trading as investors returned to buy back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.
The Nikkei index surged 378.93 points, or 4.93 per cent, to 8,061.07, and the broader Topix index of all first section issues also rose 37.21 points, or 4.84 per cent, to 805.49.
On currency markets at midday (0300 GMT), the dollar traded at 89.70-75 yen, up from Monday's 5 pm quote of 88.61-64 yen.
The euro was quoted at 1.3235-40 dollars, up from late Monday's quote of 1.2899-2902 dollars, and at 118.75-80 yen, up from 114.32-36 yen. (dpa)
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