By JERUSALEM POST STAFF
Japanese shares shot out of the gates to big gains Wednesday, as the country's benchmark index followed in the path of strong gains booked overnight on Wall Street.
The Nikkei 225 index finished its morning session up 6.4 percent, or 487.42 points, at 8,109.34, after earlier rising over 7 percent.
The gains came after US shares soared Tuesday, with the Dow Jones industrials gaining nearly 900 points, the second-largest point gain ever. The Dow and the Standard & Poor's 500 index each finished with a nearly 11 percent rise.
Japanese banks were up after the Nikkei business newspaper reported the country's central bank was considering cutting interest rates. In midmorning trade, Mitsubishi UFJ Financial Group was up 8.5 percent at 598 yen, while Mitsui Sumitomo Financial Group was up 8.1 percent at 362,000 yen.
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