TOKYO: Tokyo stocks climbed 3.8 percent soon after the opening bell Wednesday, following the rally in most global equity markets over a rise in Chinese shares and improved eurozone economic data.
The Nikkei-225 index at Tokyo Stock Exchange gained 664.9 points, to 18,091.98 just minutes after the opening.
US stocks powered higher Tuesday, after a 2.9 percent rise in China’s volatile Shanghai Index and an upgrade on the reading for eurozone second-quarter economic growth to 0.4 percent from 0.3 percent.
The Dow Jones Industrial Average gained 2.42 percent, or 390.30 points, to 16,492.68.
The broad-based S&P 500 jumped 2.51 percent, or 48.19 points, to 1,969.41, while the tech-rich Nasdaq Composite Index rose 2.73 percent, or 128.01 points, to 4,811.93.
“Expectations for more policy action from China and strength in the European economy saw the return of risk,” Chihiro Ohta, general manager at SMBC Nikko Securities, told Bloomberg News.
“At long last, we may be seeing a real rebound.”
In Tokyo forex trade, the dollar stood at 120.28 yen, compared with 119.82 yen in New York.
