Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

South Sudan: President Salva Kiir names new vice president

Read more

MEDIAWATCH

Leaked emails overshadow Democratic convention

Read more

ENCORE!

Music show: hot hits for the summer season

Read more

FOCUS

Canada: Religious sponsorship of refugees creates controversy

Read more

BUSINESS DAILY

Verizon set to buy Yahoo's internet business

Read more

IN THE PAPERS

As Democrats gather, Russian subplot sparks intrigue

Read more

IN THE PAPERS

Bernard Cazeneuve, the political punching bag

Read more

THE INTERVIEW

Erdogan to rid Turkish institutions of ‘separatist cancer’ after coup attempt

Read more

ENCORE!

The best of summer music festivals in France

Read more

Asian markets close on a high in reaction to US financial turmoil

Latest update : 2008-09-22

In reaction to the last week's multi-billion dollar rescue plan by the Bush administration, Japanese share price rose 1,42 percent in trade at the end of the morning session, after more than a 2 percent rise at opening.

Japanese shares closed up 1.42 percent Monday, down from early highs as markets digested a US plan to mop up Wall Street's billions of dollars of bad debt, dealers said.

   

Asia's largest bourse was cautious ahead of a national holiday in Japan Tuesday and uncertainty over the 700-billion-dollar rescue plan to buy the toxic mortgage-related assets of US financial institutions, dealers said.

   

The Tokyo Stock Exchange's benchmark Nikkei-225 index closed up 169.73 points to 12,090.59. The broader Topix index of all first-section shares rose 19.57 points or 1.70 percent to 1,168.69.
 

Date created : 2008-09-22

COMMENT(S)