dow jones: Friday, the key market gauge gained 159.18 points. ; The Topix index of all first-section issues surged 22.53 points, or 1.40 percent, to 1,627.93, after falling 1.12 points the previous trading day, according to The Japan Times. The market opened sharply higher with the Nikkei average far surpassing 22,000, as investors rushed to buy in view of the Dow Jones industrial average's powerful rally on the New York Stock Exchange on Friday. The 225-issue Nikkei average jumped 298.55 points, or 1.37 percent, to finish at 22,169.11, ending above the psychologically important threshold for the first time since Dec. 4 last year. Both Nikkei and Topix indexes remained considerably higher throughout Monday's session, also supported by constant buying amid the yen's easing against the dollar and rosy prospects for China's economy that grew after the announcement Friday of a significant rise in new bank loans in the country in March, brokers said. With concerns over a Chinese slowdown retreating, foreign investors moved to buy back, in particular, cyclicals such as nonferrous metals and machines, an official of a bank-affiliated securities firm said. Risk-on sentiment spread in the Tokyo market with participants taking heart from the Dow advancing close to its record-high level, said Hiroaki Kuramochi, chief market analyst at Saxo Bank Securities Ltd.
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