Friday, March 18, 2011

Japan shares surge on G7 plan to help Japan stem yen's post quake rise

TOKYO:'' Japanese shares surged at the start of trade on Friday, March 18 with the U.S. dollar shooting higher after news the Group of Seven leading industrial nations had agreed to work with Japan to stem the yen's post-quake rise.

The Nikkei Stock Average climbed 2.5% to 9,186.50, and the Topix rose 2.2% to 828.40, while the U.S. dollar rose to ''80.73 from ''79.08 before the news. Exporters were among the biggest early winners. - MarketWatch

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