Tokyo stocks surge

Tokyo, Sep 30 (IANS) Tokyo stocks rose 2.70 percent on Wednesday as investors moved to reclaim Tuesday’s steep losses amid speculation that a surprise downturn in Japanese industrial production may push the Bank of Japan closer to further monetary easing.

The 225-issue Nikkei Stock Average was up 457.31 points, from Tuesday at 17,388.15, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 35.64 points, or 2.59 percent, higher at 1,411.16.

Every industry category on the main section gained ground, with gainers led by financing business, insurance and chemicals issues.

The turnover was 2,600.80 billion yen (about $21.68 bn).

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