Japan's Nikkei ends higher as Wall Street surge boosts sentiment
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Japan's Nikkei share average surged nearly 1% on Monday, fuelled by widespread gains, as investor sentiment was lifted by a sharp rise in U.S. stocks at the end of last week. The Nikkei rose 0.9% to end at 37,396.52, its highest closing point in more than a week, while the broader Topix finished 1.2% higher at 2,748.12. All three major U.S. stock indexes posted solid gains on Friday, as investors hunted for bargains at the end of a tumultuous week, with recently battered tech-related megacaps enjoying a strong comeback. Wall Street's gains, along with news that the U.S. Congress had passed a stopgap spending bill to avert a partial government shutdown, lifted sentiment and fuelled the equity market's rise on Monday, said Hiroshi Namioka, chief strategist at T&D Asset Management. "It may be fleeting, but for now the global risk-off trend has eased up today," he said. Live Events Gains were particularly noticea...