URGENT: Nikkei extends gains in afternoon, up more than 2%

Economy

Tokyo stocks extended their gains early Friday afternoon, with the benchmark Nikkei rising over 2 percent, as investors sought cut-price shares after the index dropped more than 7 percent over the past three days. The rises on the Tokyo market followed an overnight rebound on Wall Street where stocks were previously sold heavily on inflation fears.

Kyodo News

Kyodo News