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Nikkei Rockets to 8-Month High

Asian markets advance, Europe opens strong

By Jason Farago,  Newser Staff

Posted Jun 1, 2009 4:15 AM CDT

(Newser) – Asian stocks made big advances today, with the Nikkei in Tokyo closing at an 8-month high as bullish investors reacted to good signs from Chinese industry and GM's impending bankruptcy, reports AP. The Japanese exchange was up 1.6%, with shipping firms and resource companies leading gains, while in Hong Kong the Hang Seng jumped nearly 4%. At midmorning in Frankfurt the DAX was up by 3.2%, leading gains across European markets.

A man walks by an electronic stock board of a securities firm in Tokyo, Japan, today.
A man walks by an electronic stock board of a securities firm in Tokyo, Japan, today.   (AP Photo/Koji Sasahara)
A man cycles past an electronic stock board of a securities firm in Tokyo, Japan.
A man cycles past an electronic stock board of a securities firm in Tokyo, Japan.   (AP Photo/Koji Sasahara)
Japan's Nikkei 225 stock average, which has surged 37% since early March, was up 155.25 points, or 1.6%, to 9,677.75.
Japan's Nikkei 225 stock average, which has surged 37% since early March, was up 155.25 points, or 1.6%, to 9,677.75.   (AP Photo/Koji Sasahara)
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