Nikkei recovery continues

JAPANESE stocks rose for the third day in four yesterday, extending a recovery from a three-day slide last week that wiped almost $400 billion off the market’s value.

The Nikkei 225 Stock Average rose 288.24, or 1.9%, to 15,648.89 at close in Tokyo and the Topix index advanced 24.53, or 1.5%, to 1612.43 with 31 out of 33 industry groups having gains.