Asian Markets Update: Tokyo Surges After Long Weekend

TOKYO -- Tokyo's equity markets surged Monday after the end of a three-day weekend. Ahead of the U.S. presidential election Tuesday, other markets in the region ended mixed.

In Tokyo, the Nikkei 225 closed up 533.7 points, or 3.6%, at 15,371.4 and the Topix index, which includes all shares listed on the Tokyo Stock Exchange, rose 30.8, or 2.2%, to 1455.3.

Japanese tech shares were among the day's biggest gainers, as Sony(SNE) rose 370 yen, or 4.1%, to 9,360 ($87.38), NEC (NIPNY) ended up 75 yen, or 3.4%, to 2,285 and Fujitsu(FJTSY) rose 50 yen, or 2.4%, to 2,100.

Telcos also came back from the Friday holiday strong, with Nippon Telegraph & Telephone (NTT) closing up 10,000 yen, or 1%, to 1.02 million, and wireless operator NTT DoCoMo (NTDMY) ending up 70,000 yen, or 2.4%, at 3.03 million.

The dollar traded at 107.12 yen, down from 108.23 yen Friday.

Hong Kong's Hang Seng index also ended in the plus column, rising 77.0, or 0.5%, to 15,671.2. Index heavyweight China Mobile (CHL) rose HK$1.75, or 3.4%, to 53.00 ($6.79) and troubled Internet firm Pacific Century CyberWorks (PCW) rose 0.6% to HK$6.00.

Elsewhere, South Korea's Kospi index fell 3.8, or 0.7%, to 556.7 after investors booked profits following an early rally. Taiwan's TWSE index also dropped, falling 19.8, or 0.4%, to 5,657.5, amid continuing local political uncertainty.

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