Tokyo stocks surged Monday, lifting the 225-issue Nikkei average to its highest closing since Aug. 16 on Friday's jump in U.S. stocks and the failure of midsize contractor Sato Kogyo Co., which spurred hope banks are seriously tackling their bad loans.
The 225-issue Nikkei soared 638.22 points, or 5.9 percent, to finish the day at a high of 11,450.22, the first it has closed over 11,000 since Nov. 26.
The broader Tokyo Stock Price Index of all first-section issues jumped 48.87 points, or 4.74 percent, to hit 1,079.04, the first time it has cleared the 1,050 line since Jan. 7.