Asian market

Obama Announcement Drives Up Japanese Nuclear Reactor Makers

Shares in Asia climbed sharply higher Wednesday. Japan's Nikkei 225 Index surged 2.7% and Hong Kong's Hang Seng Index gained 1.3% on its first day of trading after the Chinese New Year holiday. In Japan, shares of Toshiba Corp. surged 6.3% after President Obama endorsed nuclear power and has earmarked $8.3 billion for the construction of two nuclear power plants. If approved, the projects would build reactors designed by Westinghouse, a unit of Japanese company Toshiba -- the company that helped build the first nuclear power plants in America.