We’re pleased to present this story from The BBC.

Japan’s stock market has ended its first session of 2009 up 2.1% and at its highest level for nearly two months, buoyed by new year hopes.

Honda Motor Co and other exporters climbed on a weaker yen while resource-linked firms such as trading houses surged as oil jumped more than 3%.

The market had its worst year on record in 2008, with the Nikkei share index losing 42% of its value.

Global financial woes and a soaring yen fuelled last year’s losses.

The Nikkei climbed 183.56 points on Monday to finish the half-day of trading at 9,043.12, its first time above the 9,000 level since 11 November, after earlier rising more than 3%, Reuters news agency reports.

The broader Topix rose 1.9% to 875.91.

A deepening recession in Japan has knocked confidence in many businesses, especially those which rely on exports.

Firms such as Sony, Toyota and Panasonic have seen demand for their goods fall both in Japan and abroad.

The problems have led to many foreign investors withdrawing their money from the Japanese market, one of the reasons for the Nikkei’s steep decline in 2008.

The last time in its 58-year history the Tokyo stock exchange suffered a fall of similar magnitude was in 1990, at the beginning of a prolonged economic slump, when the Nikkei fell 39% during the year.<p

This article is from the BBC News website. © British Broadcasting Corporation

[Thank you for reading SFLuxe.com. This article was published today by The BBC. We hope you enjoyed it!]