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Nikkei Climbs 4.4% On Positive Outlook

JAPAN'S Nikkei stock average climbed 4.4 percent yesterday to its highest close in three months as car makers ended higher on hopes for the United States economy after a string of data came in better than expected. Banks such as Mizuho Financial Group gained on short-covering after recent sharp falls, while signs that foreign investors were snapping up blue chip exporters such as Sony Corp also lifted the market.

The benchmark Nikkei 225 gained 367.87 points to 8,719.78, its highest close since January 9. The broader Topix climbed 4.1 percent to 826.69 points.


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