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Tokyo: Stocks up 2.75% in early trade

Monday, October 20, 2014 - 08:29
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- PHOTO: AFP

[Tokyo] Tokyo stocks jumped 2.75 per cent in opening trade on Monday, with investors encouraged by sharp gains on Wall Street last week and the dollar's rise against the yen.

Investors appeared unfazed by reports industry minister Yuko Obuchi had resigned over a funds scandal, dealing a blow to Prime Minister Shinzo Abe.

The Nikkei 225 index at the Tokyo Stock Exchange gained 398.99 points to 14,931.50 in the first few minutes of trade. AFP