Japan stocks surge more than 3 pct after Fed cut
TOKYO |
TOKYO Jan 23 (Reuters) - Japanese stocks surged 3 percent on Wednesday, extending gains made in the wake of an unusually large emergency interest rate cut by the U.S. Federal Reserve that halted a global share rout.
On Tuesday, Japanese stocks marked their biggest one-day loss since the session after the Sept. 11, 2001, attacks on the United States.
At 0011 GMT the benchmark Nikkei .N225 was up 3.4 percent at 12,996.87 and the broader TOPIX .TOPX up by 3.3 percent at 1,260.05.
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