Nikkei soars more than three percent

November 4th, 2008 - 9:24 am ICT by IANS  

Tokyo, Nov 4 (DPA) Tokyo stocks opened higher Tuesday with the benchmark Nikkei index surging 3.74 percent, or 320.63 points, to 8,897.61 in the first 15 minutes of trading.The broader Topix index of all first-section issues rose 36.16 points, or 4.17 percent, to 903.28.

On currency markets at 9 a.m. (0000 GMT), the dollar traded at 98.96-99.01 yen, down from 99.08-18 yen at 5 p.m. Monday in New York. The Tokyo market was closed Monday for a national holiday.

The euro traded at $1.2613-18, down from Monday’s 5 p.m. quote of $1.2641-51, and at 124.86-91 yen, down from 125.26-36 yen in New York.

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