TOKYO:'' Japanese shares shot higher out of the open Wednesday, recovering a bit of the ground lost in Tuesday's crash despite reports of a new fire at the damaged Fukushima Daiichi nuclear plant north of Tokyo.
The benchmark Nikkei Stock Average jumped 6.5% to 9,157.50, while the broader Topix advanced 6.3% to 814.98.
Some of the major exporters that had seen their shares lose large chunks of their value earlier in the week helped lead the advance.
Panasonic Corp. rose 9%, Toyota Motor Corp. gained 9.1%, Sony Corp. was up 8.3%. Insurers, which had fallen sharply following the catastrophic earthquake and tsunami on Friday, retraced some lost ground, with Dai-ichi Life Insurance Co. leaping 12.2%, and Tokio Marine Holdings Inc. adding 8%.
The benchmark Nikkei Stock Average jumped 6.5% to 9,157.50, while the broader Topix advanced 6.3% to 814.98.
Some of the major exporters that had seen their shares lose large chunks of their value earlier in the week helped lead the advance.
Panasonic Corp. rose 9%, Toyota Motor Corp. gained 9.1%, Sony Corp. was up 8.3%. Insurers, which had fallen sharply following the catastrophic earthquake and tsunami on Friday, retraced some lost ground, with Dai-ichi Life Insurance Co. leaping 12.2%, and Tokio Marine Holdings Inc. adding 8%.
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