Japan stocks recovered 12,000 line Wednesday due to eased concerns for U.S. economy and a weaker yen after an overnight equity surge on Wall Street. Securities, iron and steel, high-tech issues were soared while oil companies and some insurance issues decreased.
The 225-issue Nikkei Stock Average soared 296.28 points, or 2.48 percent, from the previous day to 12,260.44. The broader Topix index of all First
Section issues on the Tokyo Stock Exchange was increased 32.67 points, or 2.81 percent, to 1,196.30. The TSE's Second Section index was up 28.33 points, or 1.06 percent, to 2,704.48 on a volume of 58.76 million shares.
Among all the TSE first section issues, 1,521 increased and 149 declined. The trading volume reached 2,134.33 million stocks and 2,335.6 billion yen. The Japanese currency is being traded in the level of 99 yen per U.S. dollar.