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Stocks surge on overnight rally in US market
Saudi Press Agency Published in Saudi Press Agency on 17 - 04 - 2008


Tokyo stocks gained more than 2 per cent Thursday
after an overnight surge on Wall Street, according to dpa.
The Nikkei 225 Stock Average surged 306.1 points, or 2.33 per
cent, to 13,452.23, helped by the US market's surge after JP Morgan
and Chase reported a better-than-expected quarterly earnings report.
The broader Topix index of all first-section issues was up 27.97
points, or 2.2 per cent, at 1,299.85.
On currency markets at 9 am (0000 GMT), the dollar was quoted at
101.80-85 yen, up from Wednesday's 5 pm quote of 101.50-52 yen.
The euro was quoted at 1.5942-47 dollars, up from Wednesday's 5 pm
quote of 1.5842-44 dollars, and at 162.31-36 yen, up from 160.80-84
yen.

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