Tokyo stocks surge over 3% on Fed's stimulus

Updated: 2013-06-28 15:08

(Xinhua)

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TOKYO - Tokyo stocks surged over 3 percent Friday on abating jitters over the possible scaling back of the US Federal Reserve's quantitative easing, as well as on a weaker yen.

The 225-issue Nikkei Stock Average soared 463.77 points, or 3. 51 percent, from Thursday to 13,677.32, marking the third biggest point gain for 2013 after briefly rising more than 500 points.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 35.01 points, or 3.19 percent, at 1, 133.84.

All 33 sectors gained, led by real estate, warehouse and consumer finance issues.

The turnover was about 2,607.8 billion yen (about 26.41 billion US dollars).

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