TOKYO: Tokyo stocks jumped 1.46 per cent on Thursday, rebounding after two days of losses despite a negative lead from Wall Street, while investors await the release of US jobs data.
The Nikkei 225 index at the Tokyo STOCK EXCHANGE
added 277.95 points to finish at 19,312.79, while the broader Topix index of all first-section shares gained 1.65 per cent, or 25.18 points, to 1,554.17.
Tokyo fell Wednesday after a disappointing business confidence survey by the Bank of Japan showed firms are increasingly pessimistic about a rebound in the world’s number three economy.
But the Nikkei is up more than 10 percent since the start of the year, winning support from a flow of overseas investment and a move by Japan’s public pension fund – the worlds biggest – to shift more of its bond-heavy portfolio into stocks.
