Wednesday, March 14, 2012

Japan shares snap 4-day losing streak

Japanese shares ended a four-day losing streak Monday, rising sharply following strong gains on Wall Street Friday and easing crude oil prices.

The benchmark Nikkei 225 index rose 212.62 points, or 1.68 percent, to 12,878.66. The broader Topix index advanced 1.88 percent to 1,239.25.

Bargain-hunting investors boosted shares in nearly all sectors, with banking and rubber issues among the biggest winners of the day.

Financial names, battered recently on growing credit market concerns, sprung back to life Monday following speculation of a possible takeover of Lehman Brothers.

Sumitomo Mitsui Financial Group, Inc. surged 4.24 percent to …

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