URGENT: Nikkei jumps over 2.2 percent midmorning amid buybacks after drop

Economy

Tokyo stocks were bullish Tuesday morning, with the benchmark Nikkei briefly rising over 2.2 percent, as buybacks kicked in on hopes of an economic recovery in Japan due to the accelerated coronavirus vaccine rollout. Every industry category gained ground, except for electric power and gas issues. Automakers were also notably higher with Toyota Motor's share price hitting its highest level since it was listed.

Kyodo News

Kyodo News