Tokyo stocks rebounded Wednesday, with the Nikkei Stock Average climbing 56.14 points, or 0.59%, to end the day at 9,581.46, its highest finish since April 19.
Easing concerns about the US fiscal situation and growing expectations the German economy will recover helped Wall Street and European markets close higher overnight. That positive sentiment carried over into the Tokyo market, according to (Nikkei) website.
The yen fell against the dollar and the euro, encouraging market players to buy stocks in Tokyo. The benchmark Nikkei average briefly topped the psychologically important 9,600 mark during trading hours for the first time in about seven and a half months.
Trading value on the first section of the Tokyo Stock Exchange totaled about 1.06 trillion yen on a preliminary basis.