India, July 22 -- The Japanese stock market is sharply higher on Wednesday, reversing the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is surging more than 1000 points to above the 40,800 level, with gains across all sectors led by exporters, automakers and financial stocks.
The benchmark Nikkei 225 Index is up 1,031.61 or 2.59 percent at 40,806.53, after touching a high of 40,825.07 earlier. Japanese stocks ended slightly lower on Tuesday.
Market heavyweight SoftBank Group is gaining more than 1 percent and Uniqlo operator Fast Retailing is surging almost 5 percent. Among automakers, Honda is surging almost 9 percent and Toyota is skyrocketing almost 12 percent.
In the tech spa...