Japanese Markets Climb On Open
Tokyo's Nikkei average, the leading Japanese market index, opened up nearly .5 percent in response to U.S. lawmakers' agreement on the $700 billion bailout plan.
In the first 15 minutes of trading, the Nikkei was up 142.89 to 12,036.05, a bit above its 52-week low, but more than 5,000 below its 52-week high.
The Nikkei opened at 8 p.m. Eastern time and could be a predictor for Wall Street's opening tomorrow morning.
President Bush and lawmakers were eager to show the markets, in Washington and abroad, that they were able to strike a deal before Asia opened Monday morning.
Three Australian markets also opened up on the day.
-- Frank Ahrens
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Posted by: SUTTON | September 28, 2008 11:21 PM
Posted by: SUTTON | September 28, 2008 11:22 PM
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