Nikkei gains 3 per cent after Wall Street's overnight surge

Business Materials 21 October 2008 05:46 (UTC +04:00)

Tokyo markets opened higher Tuesday after the Wall Street's overnight surge, sending Japan's benchmark Nikkei Average up more than 3 per cent, reported dpa.

At 9:12 am (0012 GMT), the key Nikkei 225 Stock Average jumped 277.41 points, or 3.08 per cent, to 9,283 after the Dow Jones Industrial Average gained 413.21 points on hopes of easing credit crisis.

On currency markets at 9 am, the dollar was quoted at 102.10-15 yen, down from Monday's 5 pm quote of 102.22-25 yen.

The euro was quoted at 1.3337-42 dollars, down from Monday's 5 pm quote of 1.3481-84 dollars, and at 136.21-26 yen, down from 137.83-87 yen.