Japan™s
Topix index rose, after capping its worst week since June, as gains for
automakers and oil producers countered a decline by shippers.
Toyota
Motor Corp., which sank 8.3 percent last week, rebounded 3.3 percent
today after Mizuho Financial Group Inc. said valuations are œrelatively
cheap. Oil explorer Inpex Corp. gained 2.3 percent as crude prices
rose. Nippon Yusen KK, Japan™s biggest shipper, lost 2.8 percent to pace
declines in the marine transport sector after a measure of commodity
shipping costs tumbled 17 percent last week. Sharp Corp., a supplier of
displays for Apple Inc.™s iPhone and iPad, sank 8.4 percent after saying
it™s considering ways to raise capital.
The
Topix added 0.5 percent to 1,139.41 at the break in Tokyo after falling
as much as 0.5 percent. The Nikkei 225 Stock Average slipped 0.1
percent to 13,944.43. The yen gained 0.1 percent to 101.53 per dollar
after strengthening 1.6 percent last week.
Source : Bloomberg
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