Tokyo stocks end higher Monday

Tokyo stocks rebounded sharply Monday, with the Nikkei Stock Average surging 207.93 points, or 1.69%, to end the day at 12,546.46. After the euro-zone leaders agreed on a bailout plan for Cyprus earlier in the day, the yen started to weaken, prompting investors to buy back stocks, according to (Nikkei) website. Cyclical and high-priced shares, which fell significantly on Friday, rose on expectations that the Bank of Japan will implement additional monetary easing measures. The benchmark Nikkei average briefly widened its gains, led by purchases of stock index futures. The trading value on the first section of the Tokyo Stock Exchange reached about 1.99 trillion yen on a preliminary basis.