Japanese stocks gain on optimistic view of US economy

08 December 2008 @ 09:00 pm EDT

Japan stocks continued to gain Tuesday morning as investors become optimistic about a massive U.S. public works program in the US to stimulate. Also many investors hope the big three automakers in U.S. recover through government intervention.



Men walk past an electronic stock indicator in Tokyo, Japan, Monday, Dec. 8, 2008.
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The Nikkei 225 index gained 40.38 points, or 0.48 percent, from Monday to 8,369.43. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 5.80 points, or 0.71 percent, to 817.88. Among all the TSE first section issues, 839 gained and 715 decreased. The trading volume reached 912.29 million stocks or 662.6 billion yen.

Mainly export-oriented issues such as Toyota<7203.T> and Honda <7267.T> and marine transport issues such asMitsui O.S.K. Lines<9104.T> and Nippon Yusen<9101.T> led gains while pulp&paper issues such as OJI Paper<3861.T> Nippon Paper Group<3893.T> led decline.

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