Nikkei 225 index closes 2% higher on Monday

Japan's Nikkei Stock Average rallied on Monday after Spain requested USD 126 billion loan from EU and China's exports grew double the pace expected. Nikkei 225 index surged 1.96% or 165.64 points and closed at 8,624.90. Sumco Corp rocketed 14.5% after reporting operating profit three times bigger than analysts' estimate. On the downside Olympus fell 4.1% after firm announced it is considering to sell stock in order to raise capital. Exporters Sharp and Canon gained 8.2% and 3.5% respectively.