Tokyo stocks gain despite economy slump
Tokyo - Japanese stocks rose Tuesday despite a revised government estimate outlining an annualized third-quarter gross domestic product (GDP) decline of 1.8 per cent.
Driven up by gains on Wall Street and a rally in commodities, the benchmark Nikkei 225 Stock Average closed up 66.82 points, or 0.8 per cent, to 8,395.87.
The broader Topix index of all first-section issues rose 5.86 points, or 0.72 per cent to 817.94.
On currency markets at midday (0300 GMT), the dollar was quoted at 92.75-80 yen, compared to Monday's 5 pm quote of 93.01-03 yen.
The euro was quoted at 1.2870-75 dollars, compared with 1.2872-73 dollars, and at 119.39-44 yen, down from 119.72-76 yen the previous day. (dpa)