Bloomberg (12/11) -- Japanese shares gained, with the Topix index rising for a second day, as the yen held declines against the dollar.The Topix climbed 0.1 percent to 1,186.41 as of 9:01 a.m. in Tokyo, with 19 of the 33 industry groups advancing. The Nikkei 225 Stock Average rose 0.2 percent to 14,295.99. The yen traded at 99.18 per dollar after declining yesterday to 99.16, the weakest closing level since Sept. 20.
More than 700 Topix companies published earnings this month through yesterday, according to data compiled by Bloomberg. Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. are scheduled to report on Nov. 14.
Futures on the Standard & Poor’s 500 Index were little changed. U.S stocks rose yesterday, with the Dow Jones Industrial Average extending a record, as investors awaited retailer earnings reports to gauge the strength of consumer demand and the likelihood of cuts to monetary stimulus.
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