Tuesday, March 22, 2011

JAPAN: In Tokyo, markets jump amid hopes in Fukushima

AFP - The Nikkei index of Tokyo Stock Exchange surged Tuesday close of 4.36%, investors buy shares at bargain prices after the plunge last week, amid hopes for nuclear power plant in Fukushima.

The Nikkei 225 index of blue chips gained 401.57 points to 9608.32 points.

The Topix index of all securities in the first table, which relates to a larger number of sectors, has greatly increased its share of 4.54%, taking 37.74 points to 868.13 points.

The activity was still very intense, with 3.66 billion shares traded, nearly double an average day.

The situation remained uncertain but appeared to have stopped deteriorating in the central Fukushima Daiichi (No. 1), hit by a series of accidents and radioactive leaks from the earthquake and tsunami of 11 March.

Number of operators rushed accordingly securities offered at bargain prices from diving 10.22% recorded last week by the Tokyo Stock Exchange.

Tokyo instead dropped last week because of concern among investors for the Japanese economy, affected by the consequences of the earthquake and tsunami, and the uncertainty surrounding the plant in Fukushima.

The Tokyo Stock Exchange remained closed since Friday night, Monday was a holiday in Japan.