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U.S. markets recover from steep losses
TOKYO, Sept. 22 (UPI) -- Asian financial markets got off to a good start after opening Monday in line with Wall Street's strong closing Friday ahead of a massive U.S. bailout effort.
In Tokyo, the 225-stock Nikkei added another 244 points, or 2.05 percent, after opening Monday to take the index over the 12,000 mark. The Bank of Japan injected another 1.5 trillion yen into the Tokyo money markets Monday for the fifth straight business day to further facilitate inter-bank transactions, Kyodo reported.
Thus far, the Japanese central bank, in concert with central banks of major economies, has pumped in 12.5 trillion yen or more than $117 billion into its system.
Hong Kong's Hang Seng index gained about 61 points, or 0.32 percent, in early trading. The Shanghai Composite Index was up about 167 points, or 8.03 percent, to 2,241.72, Xinhua reported.
Markets in Australia, New Zealand and South Korea also reported gains.
The U.S. dollar was down slightly in early trading against the Japanese yen.
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