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TOKYO, Jan. 19 () -- Tokyo stocks gained for a third straight day Thursday, with the benchmark Nikkei stock index adding 1.04 percent to a five-week closing high as the euro stabilized against the yen on news the International Monetary Fund may boost its lending facility to tackle the debt crisis in the troubled eurozone.Traders here said that the IMF's potential move helped ease investors fears about debt contagion in the eurozone spilling over and dragging the world into a global recession.The IMF said it is currently looking for an extra 500 billion U. S. dollars in a bid to counter rising debt in the 17-nation, single currency bloc and that its current funds were insufficient to underwrite struggling global economies, with costs possibly peaking at 1 trillion U.S. dollars over the coming years."Based on staff's estimate of global potential financing needs of about 1 trillion U.S. dollars in the coming years, the Fund would aim to raise up to 500 billion U.S. dollars in additional lending resources," the IMF said in a statement."At this preliminary stage, we are exploring options on funding and will have no further comment until the necessary consultations with the Fund's membership have been completed," the 187-nation institution said.The IMF also said the 500 billion U.S. dollars includes the recent European commitment to add around 200 billion U.S. dollars to its resources.Market players in Tokyo said that in light of strong economic data from the U.S. recently bolstering buying sentiment here and abating concerns about the debt crisis in the eurozone, risk appetite was returning and this could be seen in investors chasing a broad range of issues including financials and exporters Thursday."Investors around the world are starting to think about taking risks again. Economic data out of the U.S. has been relatively firm and Europe doesn't look like it's going to fall into chaos right away," said Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo.The 225-issue Nikkei Stock Average gained 89.10 points from Wednesday to close the day at 8,639.68, marking its highest closing level since Dec. 12, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange added 5.70 points, or 0.78 percent, to close the day at 740.68.Exporters found favor Thursday with consumer electronics giant Sony Corp. rising 1.7 percent to 1,326 yen, while camera maker Nikon Corp. gained 2.4 percent to 1,768 yen. Electronics component maker TDK Corp. meanwhile leapt 4.6 percent to end the day at 3, 530 yen.Japan's embattled semiconductor sector got a boost from a rise in a key U.S. semiconductor index and Tokyo Electron rose 3 percent to 4,355 yen, Advantest jumped 7 percent to 753 yen, while Elpida Memory leapt 5.3 percent to finish the day at 341 yen.Top brokerage Nomura Holdings rallied 4.3 percent to hit its highest closing level in 10-weeks, while megabank Sumitomo Mitsui Financial Group Inc. climbed 2.4 percent, Mizuho Financial Group Inc. gained 1.9 percent and top-lender and largest bank by assets Mitsubishi UFJ Financial Group Inc. rose 1.5 percent.Construction-related issues continued to rise on burgeoning business following last year's March disasters and general contractor with Hitachi Construction increased 2.8 percent to 1, 459 yen."Investors continue to buy stocks of construction companies and other reconstruction related firms priced below 100 yen per share that are not held by institutional investors or Japanese life insurers," said Seiki Orimi, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.Trading volume on Thursday dropped to 2.13 billion shares on the Tokyo Exchange's First Section, down from Wednesday's volume of 2.35 billion shares, with advancing issues outnumbering declining ones by 889 to 620.
Residents celebrate the Serfs Emancipation Day.(Photo/ Tibet.cn)BEIJING, March 28(net)--Tibetans in southern Tibet's Lhoka Prefecture got togather to celebrate the upcoming Serfs Emancipation Day on March 25, 2012.The Serfs Emancipation Day takes place on March 28 every year. On March 28, 1959, the central government announced it would dissolve the aristocratic local government of Tibet and replace it with a preparatory committee for establishing the Tibet Autonomous Region.That meant the end of serfdom and the abolition of the hierarchic social system characterized by theocracy, with the Dalai Lama as the core of the leadership. About 1 million serfs and slaves, accounting for 90 percent of Tibetan population in the1950s, were thus emancipated. 1 2 3 4 5  1 2 3 4 5
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