Nikkei soars 4%

Japanese share market closed the session sharply higher on Monday, 20 October 2014, as investors chased for bargain buying across the board, on media reports suggested that Japan's $1.2 trillion government retirement fund will increase its allocation target for shares to 25 per cent from 12 per cent. The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 3.98%, or 578.72 points, to finish at 15111.23. The broader Topix index of all first-section shares jumped 4%, or 47.12 points, to 1224.34.

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