Tokyo, most other equities markets in gains

Tokyo’s equities markets were higher on Monday. The Nikkei 225 added 3.07 percent to 13,914.57 while the Topix index was up 2.59 percent to 1,355.54 and the Mothers market was 0.5 percent higher to 687.25.

Elsewhere, Asia-Pacific markets were mixed on the session. The FTSE Straits Times Index was up 0.53 percent to 3,064.95. In Australia the Sydney Ordinaries added 0.98 percent to 5,699.8 while the S&P/ASX200 was 1.11 percent higher to 5,621.6. South Korea’s Kospi gained 1.34 percent to 1,709.13. The Sensex was up 1.74 percent to 17,650.57 and the Taiex added 2.19 percent to 8,286.31. On the other hand, the Hang Seng fell 0.15 percent to 23,269.14 and the Shanghai Composite dropped 4.07 percent to 4,192.53.

European markets saw gains. The Eurofirst 300 added 1.68 percent to 1,342.26. Madrid’s IBEX was up 1.07 percent to 13,156.6 and the Dax was 1.12 percent higher to 6,882.56 while the Paris CAC-40 gained 1.96 percent to 4,919.26. In London, the FTSE 100 added 1.89 percent to 5,999.5 and the FTSE 250 was up 2.23 percent to 10,275.3.

Wall Street was higher in afternoon trade, but gains were limited by more concerns about the subprime mortage crisis. The Dow Jones Industrial Average was 0.49 percent higher to 12,442.16 and the Nasdaq Composite had added 0.14 percent to 2,306.55 while the S&P 500 had gained 1,357.19.

Crude oil prices were higher in New York and London, while precious metals prices were mostly lower. Grains prices were higher, with wheat adding its daily limit in Chicago.

The yen declined as investors increased their willingness to take on risk, while the South African Rand and the Hungarian Forint both saw advances on the session.

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