Nikkei makes biggest one-day gain in three months

Japanese shares soared overnight, with the Nikkei index seeing its biggest one-day gain for three months, as Asian shares rebounded after last week's slide.

The Nikkei rose 350 points during the session - or 2.3% - to close at 15,650. Gains came following yet another drop in the value of the yen versus the dollar, after positive US jobs news last week. The yen was down 0.2% at 103.08 to the dollar, yesterday following an earlier 1.1% drop on Friday. Declines in the yen have boosted sentiment towards Japanese equities as investors expect it will inflate the overseas earnings for export companies. This includes large corporations such as Toyota and Panasonic. Other indices also rose overnight, with exchanges across the region showing ...