Nikkei ends at 9,000 level on US Fed's interest rate cut
Japan's benchmark Nikkei 225 Stock Average ended Thursday trading up nearly 10 per cent to above the 9,000 level after the US Federal Reserve cut its key interest rate to spur the economy, reported dpa.
The Nikkei surged 817.86 points, or 9.96 per cent, to end at 9,029.76.
The broader Topix index of all first-section issues also jumped 69.05 points, or 8.32 per cent, at 899.37.
Japan's central bank withdrew 1.9 trillion yen (19.52 billion dollars) from the money market Thursday after the key short-term interest rate fell below the official target.
The dollar's advance against the yen helped investors to buy back mainly export-oriented issues.
On currency markets at midday (0300 GMT), the dollar rose to 98.60-65 yen from Wednesday's 5 pm quote of 96.85-86 yen.
The euro was quoted at 1.3225-30 dollars, up from Wednesday's 5 pm quote of 1.2690-92 dollars, and at 130.30-40 yen, up from 122.91-95 yen.