Tokyo stocks rose 1.37 percent on Monday following a move by European Union leaders to back tighter budget policing in a desperate bid to save the debt-riddled eurozone.
The Nikkei 225 index at the Tokyo Stock Exchange gained 117.36 points to close at 8,653.82. The Topix index of all first-section issues added 1.16 percent, or 8.57 points, to 746.69.
Markets reacted positively as European leaders took a first step towards fiscal integration at their talks last week, said Yumi Nishimura, senior market analyst at Daiwa Securities.
A total of 26 of the 27 EU states signalled their willingness to join a "new fiscal compact" to resolve the crisis threatening to break apart the monetary union. (Economic Times)
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