TOKYO, Nov 10 (Reuters) - Japan's Nikkei rose more than 1 percent to its strongest close in more than four months on Wednesday, buoyed by financial shares after a report that most major Asian banks will be exempt from planned new global rules.
Japan's big banks surged after the Financial Times reported that people who were briefed on the agenda for the G20 summit in Seoul said officials have concluded that global regulators should focus on big banks with global businesses, stripping out domestically focused institutions.
The benchmark Nikkei closed up 1.4 percent or 136.03 points at 9,830.52 -- its highest close since June 24.
The broader Topix rose 1.6 percent to 852.98. (Reporting by Chikafumi Hodo; Editing by Joseph Radford)