Financial Times FT.com

Battered carmakers lead Japanese rally

By Andrew Wood in Hong Kong

Published: July 22 2008 06:38 | Last updated: July 22 2008 11:50

Japanese blue chips enjoyed their biggest one-day rise for eight weeks on Tuesday as the market reopened after a public holiday and caught up with the strong gains across the region on Monday.

The Nikkei 225 Average rose 3 per cent to 13,184.96 and the broader Topix index ended 2.8 per cent higher at 1,287.74. Buying accelerated after a technical problem that had forced the suspension of trading in derivatives contracts was resolved.

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