TOKYO: Tokyo stocks added 1.10 percent Monday, supported by positive performances on other Asian bourses, that followed last week's strong gains on Wall Street after robust US jobs data.
The Nikkei 225 index at the Tokyo Stock Exchange rose 97.27 points to 8,929.20, coming off an intra-day high of 8,949.32, the highest level since October 31.
The Topix index of all first-section issues rose 1.20 percent, or 9.16 points, to 769.85.
"Upward momentum is gradually coming back and the trend is likely to continue for the foreseeable future," Daiwa Asset Management senior strategist Yoshinori Nagano told Dow Jones Newswires.
Sony was up 3.97 percent at 1,492 on follow-through buying after Friday's 8.1 percent rise.
Panasonic soared 6.34 percent to 637 yen despite its forecast of a record $10.2 billion loss for the year to March, as some of the negative sentiment had been priced in.
Mitsubishi Motors rose 1.05 percent to 96 yen after it announced it was to stop manufacturing automobiles in Europe as the carmaker shifts its focus to emerging markets.
Nikon was up 11.14 percent to 2,064 yen after a positive appraisal of its October-December results, with a net loss due largely to the impact of last year's record flooding in Thailand.
Market sources said the camera and precision-equipment maker's results came in far better than its competitors such as Ricoh, which was down 0.99 percent to 595 yen.
A strong US jobs report for January sent Wall Street soaring on Friday as investors celebrated a surge that pointed to new vitality in a fragile recovery for the world's biggest economy.
The Dow Jones Industrial Average jumped 1.23 percent to 12,860.23, its highest close since May 2008 while the tech-rich Nasdaq Composite rose 1.61 percent to 2,905.66, its best finish since December 2000 and the dot.com collapse.
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