Japan stocks recovered 13,000 line for the first time in one month Wednesday due to weakening fears of U.S. economy and a weaker yen.
The 225-issue Nikkei Stock Average soared 532.94 points, or 4.21 percent, to 13,189.36. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 51.58 points, or 4.19 percent, to 1,282.07.
Among all the TSE first section issues, 1,474 increased and 187 decreased. The trading volume reached 2,067.70 million stocks or 2,445.5 billion yen. The Japanese currency is being traded in the level of 102 yen per a U.S. dollar.
Wall Street analysts showed optimism for U.S. credit market after Swiss UBS AG announced huge write-downs.
Also export-oriented issues such as Canon and Honda increased because of weakened yen against U.S. dollar.