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
A man walks by an electronic stock board of a securities firm in Tokyo, Japan, today.   (AP Photo/Koji Sasahara)
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(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.