Nikkei jumps on G7 pledge

Discussion in 'The Water Cooler' started by cybercore, Mar 18, 2011.

  1. cybercore

    cybercore New Member

    Joined:
    Jul 7, 2009
    Messages:
    15,823
    Likes Received:
    321
    [​IMG]


    NEW YORK (CNNMoney) -- Stocks in disaster-stricken Japan capped a turbulent week with solid gains Friday after finance ministers from the Group of Seven nations announced a coordinated intervention in the currency market to prevent the yen from rising further.

    The Nikkei 225 index, the most prominent measure of stocks traded in Tokyo, climbed 244 points, or 2.7%. For the week, the index was down 10.2%, but has rebounded 7% since suffering the third-worst drubbing in its history on Tuesday.



    More Nikkei jumps on G7 pledge
     

Share This Page

Loading...