Tokyo stocks sharply rebound after plunge on UK vote

TOKYO, June 27 (KUNA) — Tokyo stocks sharply rebounded on Monday after the plunge sparked by the unexpected British vote to leave the European Union (EU), driving a key index to jump more than 2 percent.
The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) rose 357.19 points, or 2.39 percent, from Friday to 15,309.21 points.
The broader Tokyo Stock Price Index, which includes all shares on the market’s First Section on the TSE, was also up 21.28 points, or 1.77 percent, to 1,225.76 points.
Investors bought shares, which saw sharp drop on Friday in response to the so-called Brexit.
Their sentiment was also bolstered after a meeting between the Japanese government and the Bank of Japan earlier in the day, in which Prime Minister Shinzo Abe vowed to take measures to support domestic economy. In the meeting, Abe instructed Finance Minister Taro Aso to pay close attention to developments in the financial and foreign exchange markets, and take various steps to if necessary, Abe told reporters.
“Risks and uncertainty remain in financial markets, and it is important to stabilize them,” the premier said.
In the currency markets, at 4:50 p.m. (0750 GMT), the dollar fetched JPY 101.92-93 against JPY 102.10-20 in New York and 103.05-10 in Tokyo at 5 p.m. Friday. (end) mk.gta