TOKYO, (APP/AFP) – Tokyo stocks surged more than six
percent Monday, rebounding after huge losses last week as a weaker yen and bargain hunting drove the market, with investors shrugging off a contraction in Japan’s economy.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange soared
6.70 percent, or 1,001.95 points, to 15,954.56 in afternoon trade, clawing back from an eye-watering loss of more than 11 percent last week.
The broader Topix index of all first-section shares skyrocketed 7.85
percent, or 93.85 points, to 1,290.13.