Nikkei Soars 2% as Yen Weakens on Fed Officials' Comments
Tokyo stocks
Tokyo - QNA
Tokyo stocks soared Monday, with the Nikkei index ending up over 2%, as a weak yen boosted export-related issues after top officials of the US Federal Reserve provided an upbeat assessment of the U.S. economy and signaled that a near-term interest rate hike was possible, Japan's News Agency (Kyodo) reported.
The 225-issue Nikkei Stock Average ended up 376.78 points, or 2.30%, from Friday at 16,737.49.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 25.34 points, or 1.97%, higher at 1,313.24.
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