Economic Calendar

Tuesday, October 14, 2008

Nikkei surges over 14 percent

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TOKYO (Reuters) - The Nikkei average soared more than 14 percent on Tuesday, the biggest one-day gain in its 58-year history, after governments around the world pledged to support struggling banks and restore confidence in the financial system.

The benchmark Nikkei surged 14.2 percent or 1,171.14 points to 9,447.57. The climb surpassed a record 13.2 percent jump logged on October 2 1990.

The broader Topix gained 13.7 percent to 956.30.

(Reporting by Aiko Hayashi)


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