Tuesday, September 3, 2013
Nikkei Ends Sharply Higher On Eased Syria Concerns, Weaker Yen
TOKYO (NQN)--Tokyo stocks surged Tuesday, with the Nikkei Stock Average jumping 405.52 points to end the day at 13,978.44, its highest since Aug. 14.
The jump was the largest since Aug. 2.
Short-term investors continued to buy back stocks aggressively in response to the U.S. decision to postpone a military intervention in Syria. The dollar's rise to a roughly one-month high at the mid-99 yen level also improved investor sentiment, prompting investors to buy a broad range of issues, including blue-chip exporters such as carmakers, financial stocks, utilities and marine shippers.
The trading value on the first section of the Tokyo Stock Exchange totaled about 1.95 trillion yen, falling below 2 trillion yen for the 17th straight trading day.