Tokyo stocks end higher Tuesday

Tokyo stocks rebounded to end at a two-month high on Tuesday, as overseas hedge funds bought financial issues and stock index futures on hopes for additional monetary easing worldwide. The Nikkei Stock Average finished at 9,066.59, up 63.11 points, or 0.7%, its highest close since May 8, when it reached 9,181. The benchmark index stayed in the plus column throughout the day, supported by intermittent purchases of financial shares and stock index futures by overseas hedge funds and other short-term buyers, according to (Nikkei.com). The buys came on expectations that large countries may take coordinated steps to loosen monetary policy, amid growing concerns over a global economic slowdown. But with the Tokyo index's above 9,000, investors moved to lock in gains, keeping it from climbing further. Reports of planned stock offerings by several big firms also put a damper on investor sentiment. Trading value on the first section of the Tokyo Stock Exchange came in under 1 trillion yen at 939.4 billion yen.