Tokyo stocks gain despite economy slump

Tokyo stocks gain despite economy slumpTokyo  - Japanese stocks rose Tuesday despite a revised government estimate outlining an annualized third-quarter gross domestic product decline of 1.8 per cent.

Driven up by gains on Wall Street and a rally in commodities the benchmark Nikkei 225 Stock Average was up 40.38 points, or 0.48 per cent, to 8,369.43 by mid-trading.

The broader Topix index of all first-section issues rose 5.8 points, or 0.71 per cent to 817.88.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 93.00-03 yen, compared to Monday's 5 pm quote of 93.01-03 yen.

The euro was quoted at 1.2910-15 dollars, up from 1.2872-73 dollars, and at 120.05-10 yen, up from 119.72-76 yen the previous day. (dpa)

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