TOKYO: Japan's benchmark Nikkei average extended gains on Friday, jumping more than 3 per cent as banks rose after news that troubled US bond insurer Ambac may be in talks with a buyer.
The weaker yen boosted exporters such Nissan Motor Corp and other blue-chip exporters, while a Wall Street rebound after a US tax rebate plan was announced gave investors confidence to buy across the board.
At 0334 GMT the Nikkei was up 3.3 per cent at 13,518.07 and the broader TOPIX up 3.8 per cent at 1,333.09.
The weaker yen boosted exporters such Nissan Motor Corp and other blue-chip exporters, while a Wall Street rebound after a US tax rebate plan was announced gave investors confidence to buy across the board.
At 0334 GMT the Nikkei was up 3.3 per cent at 13,518.07 and the broader TOPIX up 3.8 per cent at 1,333.09.
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