Nikkei 225 hits 70,000 for first time in 3 months
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Tokyo's Nikkei 225 stock index rose to the 70,000 threshold for the first time in 3 months on Monday morning.
Tokyo's Nikkei 225 stock index rose to the 70,000 threshold for the first time in 3 months on Monday morning.
The Nikkei gained more than 1,700 points, or 2.5 percent, at one stage.
Investors snapped up shares, especially those of semiconductor-related firms.
The rally tracked the gains made on Friday in three major indexes in New York.
Investors reacted positively to weaker-than-expected September US jobs data released Friday.
The employment numbers eased investors' concern that US interest rates could be raised soon.
Market sources also said gains in stocks were helped by relatively calm trading in crude oil futures after the G7 announced a plan to release oil reserves to counter soaring energy prices.
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