Japan stock market opens higher following Wall Street rally

(3 Apr 2009) SHOTLIST 1. Pan down interior Tokyo Stock Exchange 2. Various workers at desks 3. Close up figures on stock exchange board 4. Wide of board 5. Wide stock exchange STORY-LINE: Tokyo stocks opened higher on Friday on hopes for a recovery in the global economy following the G20 summit in London. As they morning progressed some of the early gains were lost however as investors decided to sell for quick profits after buying on hopes of an upturn. The benchmark Nikkei 225 stock index rose 49.94 points, or 0.57 percent, to 8,769.72. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 7.29 points, or 0.88 percent, to 833.98. The leaders of the world's 20 top rich and developing countries announced in London on Thursday a raft of measures, that exceeded expectations, to deal with the economic crisis. British Prime Minister Gordon Brown said the G-20 summit had agreed to give 1 trillion (t) US dollars to restore credit, growth and jobs in the world economy and boost the coffers of the International Monetary Fund and the World Bank. Brown, who hosted the emergency summit, said the 20 countries at the summit will enact common policies to crack down on tax havens, regulate hedge funds, and rebuild trust in the financial system to "prevent a crisis such as this from happening again." Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...