Japanese shares end up 3.76% assured by US plans

Japanese shares end up 3.76% assured by US plans
AFP
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First Published: Fri, Sep 19 2008. 12 39 PM IST
Updated: Fri, Sep 19 2008. 12 39 PM IST
Tokyo: Japanese shares closed up 3.76% on Friday, clawing back heavy losses a day before as the US government and the world’s central banks took action to keep the global financial crisis from deepening.
Asia’s largest bourse gained support from reports that Washington was preparing to create a new body to rescue troubled financial firms, while also tracking an overnight rebound on Wall Street.
The Tokyo Stock Exchange’s benchmark Nikkei-225 index closed up 431.56 points to 11,920.86. The broader Topix index of all first-section shares rose 51.44 points or 4.69% to 1,149.12.
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First Published: Fri, Sep 19 2008. 12 39 PM IST
More Topics: Stocks | Japan | Close | Nikkei | US |