Tokyo: Nikkei stock index closes over 7% up after last week's rout

[TOKYO] Tokyo stocks soared Monday as a weaker yen and bargain-hunting drove a rebound from last week's hammering on global equity markets.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange jumped 7.16 per cent, or 1,069.97 points, to 16,022.58, clawing back from a loss of more than 11 per cent last week.

The broader Topix index of all first-section shares skyrocketed 8.02 per cent, or 95.95 points, to end 1,292.23, marking its biggest one-day percentage gain since the 2008 global financial crisis.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to