Thursday, December 2, 2010

Nikkei hits 5-mth high on Wall Street rally, yen

TOKYO: Japan's Nikkei share average rose 2 percent to a fresh five-month high on Thursday, Dec 2 after Wall Street gained the most in three months on talk of bold steps to resolve the EU's debt crisis.

U.S. shares and the euro rallied on Wednesday as speculation grew that the European Central Bank would step up its purchases of government debt and after the yen softened against the dollar.

The Nikkei jumped 2 percent at one point to hit 10,187.59 and the broader Topix index gained 1.6 percent to 879.79. - Reuters

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