2ND LD: Tokyo stocks rebound on easing credit worries, Nikkei crosses 13,000+

TOKYO, July 22_(Kyodo) _ (EDS: ADDING DETAILS AND PRICES) Tokyo stocks rebounded Tuesday, with the key Nikkei index surging nearly 3 percent and climbing back to the 13,000 level for the first time since July 14, as investors were heartened by easing credit worries. The 225-issue Nikkei Stock Average gained 381.26 points, or 2.98 percent, from Friday to 13,184.96. Monday was a national holiday in Japan. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 35.31 points, or 2.82 percent, to 1,287.74. Stocks gained across the board, led by trading house, oil and coal product, and transport equipment issues. Brokers said the Tokyo market staged a firm start and sustained its strength, especially in the afternoon session, on buying of a wide range of issues. Particularly noticeable was buying of... [read full story]