for details we go to our business reporter aiko nanao. >> this came as share movements in shanghai suggested the chinese government was trying to stabilize stock prices. here in tokyo it was all about bargain hunting. the nikkei had the biggest one-day gain since january 1994. it rose 7.7% closing at 18,770. the index reached its highest

aiko nanao. thank you. >>> in china the shanghai composite surged nearly 3% erasing earlier losses following releasing the trade data. analysts say some marketlayers bought shares on the prospect of additional productive measures. hong kong's hg seng index raised. all groups in the index were higher following a rebound in shanghai. in other markets, seoul's kospi fell. australian shares up 1.7%, biggest one week gain in two weeks. here's a look at some of the other business stories we're following. >>> japan posted a current account surplus in july. it came in at about $15 billion. the bonds trade balance was in the red, but income from overseas investments increased in a large number of foreign visitors brought in a travel surplus of over $1 billion. >>> a survey shows sales staff in japan are less optimistic. the watchers stood at 49.3 down more than two points from the last month. many respondents voiced concerns about effects of the slowdown in china. >>> tokyo has no shortage of entertainmen

for details we go to our business reporter aiko nanao. >> this came as share movements in shanghai suggested the chinese government was trying to stabilize stock prices. here in tokyo it was all about bargain hunting. the nikkei had the biggest one-day gain since january 1994. it rose 7.7% closing at 18,770. the index reached its highest level in seven sessions. the topix surged 6.4%. big ganames were winners today. softbank group grew 5.5%. fast retailing 10%. eager to buy these blue chips as they looked to cover short-term losses. it was the same story with financial stocks. mitsubishi up 7%. and nomura holdings also rose. now, the question is how sustainable is this buying spree? one fund manager told me if you look at the sectors that did well today, it shows that investors are still defensive. kddi pharmaceuticals was up. it seems likely that most investors will hold off placing new orders. they'll be waiting for the u.s. fed policy meeting that takes place next week. easing the markets for now, but to get a clearer sense of direction, we have to wait until next week. aika nanao. >> tha