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Tokyo stocks rebound sharply amid relief after China's rate cut

Xinhua, August 26, 2015 Adjust font size:

Tokyo stocks rose 3.20 percent Wednesday after days of steep losses as investor sentiment was boosted by China's rate cut the previous day.

The 225-issue Nikkei Stock Average was up 570.13 points, from Tuesday at 18,376.83. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 46.32 points, or 3.23 percent, higher at 1,478.97.

Every industry category on the main section advanced, with utilities, insurance and miscellaneous products leading gainers.

The turnover was 3,800.02 billion yen (about 31.83 billion U.S. dollars). Endi