Japan stocks soar


(MENAFN- Saudi Press Agency) Japanese shares surged on Wednesday for the first ris

In five trading days as market sentiment was buoyed by recedin

Worries about emerging economies, dpa reported



The benchmark Nikkei 225 Stock Average gained 403.75, or 2.7 pe

Cent, to end at 15,383.91 while the broader-based Topix index was u

31.87 points, or 2.6 per cent, at 1,256.18



In Japan on Wednesday, export-linked stocks were bolstered by th

yen's fall against major currencies. A weaker yen makes Japanes

goods more competitive overseas and improves repatriated revenues



On currency markets at 3 pm (0600 GMT), the dollar traded a

103.36-40 yen, up from Tuesday's 5 pm quote of 102.77-79 yen



The euro was quoted at 141.20-21 yen, up from 140.42-45 yen lat

Tuesday and at 1.3660-3661 dollars, little changed from 1.3664-366

dollars


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