TOKYO, Nov. 26 (Xinhua) -- Tokyo stocks ended higher Wednesday, lifted by hopes for an additional rate cut by the U.S. Federal Reserve.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 899.55 points, or 1.85 percent, from Tuesday at 49,559.07.
The broader Topix index, meanwhile, finished 64.61 points, or 1.96 percent, higher at 3,355.50.
On the stock market, the benchmark Nikkei briefly jumped over 1,000 points, driven by buybacks of heavyweight SoftBank Group following sharp declines the previous day.
Stocks were widely bought after weaker-than-expected U.S. retail sales and consumer confidence data fueled prospects that the Fed will cut interest rates further next month, analysts said. ■
