- Title: JAPAN/SOUTH KOREA: Tokyo and Seoul markets jump on ECB bond-buying plan
- Date: 7th September 2012
- Summary: TOKYO, JAPAN (SEPTEMBER 7, 2012) (REUTERS) TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN THAT READ TOKYO STOCK EXCHANGE IN JAPANESE TSE MARKET CENTRE TSE OFFICIALS MONITORING TRADING ELECTRONIC STOCK BOARD ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE AT 8839.62 UP 159.05 CHANGING TO 8838.91 UP 158.34 ELECTRONIC STOCK BOARD SHOWING STOCK PRICES ELECTRONIC STOCK BOARD SHOWING YEN/DOLLAR AT 78.85 AND YEN/EURO AT 99.62 TSE MARKET CENTRE SEOUL, SOUTH KOREA SEPTEMBER 7, 2012) (REUTERS) SEOUL STREETS PEOPLE WALKING ON STREETS FOREIGN EXCHANGE BANK'S DEALING ROOM ELECTRONIC BULLETIN SHOWING KOSPI VARIOUS OF DEALERS ELECTRONIC STOCK BULLETIN DEALERS DEALERS WORKING AT DEALING ROOM
- Embargoed: 22nd September 2012 13:00
- Location: Japan, Korea, Republic of
- Country: Japan Korea, Republic of
- Topics: Economy
- Reuters ID: LVA8C4UHYUCZ5UVURKZGTZTKBM0G
- Story Text: Japanese stocks jumped on Friday (September 7) after after the European Central Bank outlined its bond-buying scheme to help calm the euro zone's debt crisis, while firm U.S. data fed speculation of a strong jobs report later in the day.
The Nikkei climbed to 8839.62 up 159.05 as of 0100GMT, while the broader Topix advanced 1.5 percent to 729.75.
The safe-haven Japanese yen was on the defensive, trading at 78.88 yen, after falling to a two-week low of 79.04 yen on Thursday as the dollar gained on higher U.S. Treasury yields.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent after European shares rallied to six-month highs and U.S. stocks closed at multi-year highs on Thursday.
Seoul shares similarly shot up 2 percent early on Friday as sentiment there also got a boost from the European Central Bank's announcement.
The Korea Composite Stock Price Index (KOSPI) was up at 1918.74 points as of 0001 GMT.
Samsung Electronics jumped 2.8 percent shortly after the open.
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