Hopes on US economic stimulus package boost Tokyo stocks

January 7th, 2009 - 3:43 pm ICT by IANS  

Tokyo, Jan 7 (DPA) The Tokyo stock market extended its winning streak Wednesday on optimism based on the US economic stimulus package.The benchmark Nikkei 225 Stock Average rose 158.4 points, or 1.74 percent, to close at 9,239.24.

The broader Topix index of all First Section issues was also up 12.05 points, or 1.38 percent, to 888.25.

On the currency markets at midday, the dollar rose to 93.85-90 yen compared to late Tuesday’s quote of 93.53-54 yen.

The euro was quoted at 1.3480-85 dollars, up from Tuesday’s 5 p.m. quote of 1.3461-62 dollars, and at 126.56-61 yen, up from 125.90-94 yen.

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