21 June 2001, 12:48  Nikkei closes 2.3% higher as banks rally

Tokyo, June 21 (BridgeNews) - Japanese shares ended sharply higher, lifted by a strong rally in the banking sector triggered by media reports on the government's plans for dealing with non-performing loans. Wall Street gains overnight, the yen's depreciation as well as speculation the government may pass capital gains tax cuts earlier than expected also boosted the market, traders said. The Nikkei 225 Stock Average rose 287.79 points, or 2.3% to 12,962.43.

© 1999-2024 Forex EuroClub
All rights reserved