Tokyo stocks surge on solid U.S. jobs data, hopes for economic stimulus

Tokyo stocks surged Monday morning as solid U.S. jobs data at the end of last week, coupled with hopes an upper house election win for the ruling coalition will lead to further economic stimulus measures.

The 225-issue Nikkei Stock Average jumped 535.55 points, or 3.55 percent, from Friday to 15,642.53.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, leapt 42.47 points, or 3.51 percent, to 1,252.35.

With miscellaneous products, iron and steel and glass and ceramic-linked stocks leading the charge, all industry categories on the main section had advanced into positive territory by the morning break. Endit