TOKYO, Dec 13 (KUNA) -- Tokyo stocks sharply rose on Thursday, with a key
index a key index ending above the 9,700 for the first time in eght months on
the yen's depreciation and US Federal Reserve's further monetary stimulus.
The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE)
advanced 161.27 points, or 1.68 percent, from Wednesday to 9,742.73, its
highest level since April 5.
The broader Tokyo Stock Price Index, which includes all First Section
issues on the TSE, gained 7.92 points, or 1.0 percent, to 799.21.
The notable gainers included automakers, electronics makers and other key
exporters as export-oriented issues benefited from the stronger dollar and
euro, which hit a nine-month high of the mid 83 yen level and a 8.5 month high
of the lower 109 level, respectively.
A weaker yen against the US dollar and euro benefited exporter shares, as
it boosts Japanese exporters' overseas profits when repatriated.
At 3:50 p.m. (0650 GMT), the US dollar traded at JPY 83.54-64 against JPY
83.22-32 in New York and JPY 82.78-80 in Tokyo at 5 p.m. Wednesday. (end)
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