Japan’s Nikkei Up 3% on Nuclear Progress

Japanese shares rose more than 3% on Tuesday while government bond futures slipped as reports of progress to contain radiation leaks at the quake-hit Fukushima Daiichi nuclear plant and the yen’s decline prompted investors to buy back risky assets. The Nikkei rose nearly 4% at one point on Tuesday before trimming losses to stand up 3 percent at 9,487.52. It briefly rose above the key 9,500 level. – Reuters