Thursday, December 1, 2011

Nikkei above 25-day average after central bank steps

TOKYO (Dec 1): The Nikkei share average jumped above its 25-day moving average to a two-week high on Thursday after the world's central banks took coordinated action overnight to ease funding strains among banks, easing worries about a meltdown of the global financial crisis.

The benchmark Nikkei rose 2.4 percent to 8,648.77, climbing above the 25-day moving average around 8,579. The broader Topix index rose 2.3 percent to 745.16. ' Reuters


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