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Nikkei jumps more than 1.8pc after Wall St rally

November 09, 2018 00:00:00

TOKYO, Nov 8 (AFP): Tokyo's benchmark Nikkei index gained more than 1.8 per cent on Thursday with market sentiment buoyed by a rally in Wall Street shares after the US midterm elections produced no major surprises.

The Nikkei 225 index rose 1.82 per cent or 401.12 points to 22,486.92, while the broader Topix index was up 1.74 per cent or 28.82 points at 1,681.25.

"Buying sentiment spread as the market took a positive lead from Wall Street, erasing initial concerns about the US elections," said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.

The benchmark Dow Jones Industrial Average jumped more than 2 per cent as markets breathed a sigh of relief with the uncertainty of the vote now behind them.

On Wednesday, the Japanese bourse closed lower as investors were still digesting the US vote result-a split Congress that analysts say is likely to halt any major advances in President Donald Trump's economic agenda.

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