World News

Feb 6, 2013 8:03 AM by ASSOCIATED PRESS

Japan's Nikkei market standout with 3.8 pct surge

LONDON (AP) - Japan's Nikkei's is the stock market standout today, surging to its highest level since Sept. 2008.

The Nikkei surged 3.8 percent as export shares soared on expectations of stronger sales thanks to the yen's slide against other major currencies. A lower currency should help make Japanese products more competitive in international markets and potentially get the Japanese economy going again.

Elsewhere, stock markets are more lackluster.

Hong Kong's Hang Seng rose 0.5 percent while Australia's S&P/ASX 200 gained 0.8. Britain's FTSE 100 was up 0.4 percent and France's CAC-40 fell 0.5 percent. Germany's DAX lost 0.2 percent.

Wall Street is poised for a steady opening with both Dow futures and the broader S&P 500 futures up 0.1 percent.

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