Japan's Nikkei average hit its highest point in eight months on Monday as a weaker yen raised prospects for exporters and the global economic outlook was buoyed by fewer-than-expected US job cuts in May.
Market players said the Nikkei could soon reach the psychological 10,000 yen mark with this momentum going. It is a good surprise since Nikkei has recovered about 40 % since its bottom in March.
June 08, 2009
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