Tokyo: Stocks close up 1.26%

[TOKYO] Tokyo stocks rose 1.26 per cent Monday as Greece presented its creditors with new proposals to reform its bailout, fuelling hopes it will avert a default and a possible exit from the eurozone.

The Nikkei 225 index at the Tokyo Stock Exchange added 253.95 points to 20,428.19 while the Topix index of all first-section issues was up 1.08 per cent, or 17.60 points, at 1,648.61.

AFP