Tokyo stocks rebound on bargain hunting

January 27th, 2009 - 9:53 am ICT by IANS  

Tokyo, Jan 27 (DPA) Stocks ended Tuesday morning trading higher in Tokyo as investors bought back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.The Nikkei index ended morning trading up 267.93 points, or 3.49 percent, at 7,950.07, and the broader Topix index of all first section issues also rose 26.59 points, or 3.46 percent, to 794.87.

On currency markets at 9 a.m. (0000 GMT), the dollar was quoted at 89.25-30 yen, up from Monday’s 5 p.m. quote of 88.61-64 yen.

The euro traded at $1.3188-93, up from Monday’s 5 p.m. quote of $1.2899-2902, and at 117.74-79 yen, up from 114.32-36 yen.

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