Nikkei jumps 6.4 pct after hitting 26-yr low

Tue Oct 28, 2008 6:08am GMT
 
Email | Print | | Single Page
[-] Text [+]

TOKYO (Reuters) - The Nikkei average climbed 6.4 percent on Tuesday, with investors picking up beaten-down shares such as Honda Motor (7267.T), encouraged by a softer yen and after the benchmark briefly broke below 7,000 for the first time in 26 years.

The Nikkei .N225 gained 459.02 points to 7,621.92. It earlier fell as much as 2.3 percent to 6,994.90, its lowest since 1982.

The broader Topix rose 5 percent to 784.03 after falling 3 percent at one stage.

(Reporting by Aiko Hayashi)

 
A share trader is pictured behind a mock one dollar bill and a mock 500 Euro note symbolizing a consumer credit note, at the German stock exchange in Frankfurt, December 18, 2008. REUTERS/Kai Pfaffenbach
Credit headwind

News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows.  Full Article 

Photo

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives
Currency
US $ inGBP =0.6177
Euro inGBP =0.8618
¥en inGBP =0.0067

Most Popular on Reuters UK

  • Articles
  • Videos