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Nikkei rises in biggest 1 day move in 5M
Friday, September 07 07:38:33
Japan's Nikkei average rose 2.2 percent today, its biggest one-day percentage gain in five months, after the European Central Bank outlined its bond buying scheme in an attempt to draw a line under the region's debt crisis.
Stronger-than-expected jobs data from the U.S. private sector, which boded well for the key non-farm payroll figures due out later on Friday, also encouraged investors to cover their bearish bets.
The Nikkei advanced 191.08 points to 8,871.65 for a weekly gain of 0.4 percent, snapping a two-week losing streak.
The broader Topix rose 2.3 percent to 735.17. ( C ) Reuters
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