Tokyo stocks close 0.89% higher in rollercoaster session
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Buy SPH photosTOKYO (AFP) - Tokyo shares closed 0.89 per cent higher on Friday in a rollercoaster session that came a day after the Nikkei 225 index suffered its worst one-day drop since Japan's March 2011 quake-tsunami disaster.
The benchmark Nikkei, which on Thursday plunged 7.3 per cent, finished 0.89 percent, or 128.47 points, higher at 14,612.45, while the broader Topix index of all first-section shares rose 0.48 per cent, or 5.74 points, to 1,194.08.
The headline index swung wildly in heavy trading as it surged at the open only to drop more than three per cent in the afternoon before ending the day back in positive territory.
Mr Toshikazu Horiuchi, a broker with IwaiCosmo Securities, said "extremely nervous" trading saw investors locking in profits with others searching out bargains after Thursday's precipitous plunge.
