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Japan’s benchmark Nikkei 225 Stock Average rose 2.3 per cent on Monday, bolstered by a weaker yen and gains on other Asian markets, as investors also picked up cheaper stocks after recent losses.
The Nikkei gained 352.15 points, or 2.38 per cent, to end at 15,130.52 after falling 2.98 per cent on Friday.
The broader Topix index was up 24.25 points, or 1.97 per cent, at 1,252.51 after losing 2.37 per cent on Friday.
Exporters traded broadly higher as the yen fell against major currencies. A weaker yen makes Japanese goods more competitive overseas and improves repatriated revenues.
On currency markets at 3 pm (0600 GMT), the dollar traded at ¥102.13-14, up from Friday’s 5 pm quote of ¥101.69—70.
The euro was quoted at ¥136.84—85, up from ¥136.06—10 late on Friday, and at $1.3398—3402 dollars, up from $1.3380—3381.
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