Monday, June 16th, 2008

Tokyo Shares Jump As Strong Dollar Fuels Gains In Exporter Shares

Tokyo stocks rose sharply Monday as auto and electronics exporters got a lift from the strengthening dollar, which traded comfortably above 108 yen.
The Nikkei 225 index rose 380.64 points, or 2.7 percent, to 14,354.37.
Traders said investors may chase the market higher. Exporters in particular are benefiting from the dollar’s strength as worries over inflation raise [...]