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The Nikkei 225 benchmark index jumped 1.4 per cent to 8,500.02 at the close of the trading day in Tokyo, while the broader Topix gauge moved forward 1.4 per cent to 734.60, reports Bloomberg. Roughly four stocks advanced for every one that fell.
Diane Lin, a manager with Sydney-based fund Pengana Capital, said events in the Asian market continued to be largely contingent on Europe's debt problems.
Once these begin to be "lifted at least in the short-term, we should see some good performance in Asian equity markets," explained Ms Lin.
European Central Bank policy makers "have stabilised the whole situation," she told the news provider.
The Nikkei 225 dropped yesterday as it awaited on data from the Italian and Spanish bond sales, with chief strategist at Okasan Online Securities Yoshihiro Ito telling Reuters the market lacked a sense of direction.
Posted by Clive Arneil
