Japans Topix index
headed for a seven-week high as the yen held declines and U.S. stocks
climbed to a record after new home sales data buoyed optimism about the
world��s largest economy.
Electrical-appliance
exporters provided the biggest boost to the Topix. Nikon Corp. climbed
the most on the Nikkei 225 Stock Average after the camera maker��s
equity rating was raised at Credit Suisse Group AG. Sony Corp. gained
3.6 percent after saying it has formed a joint venture to make and sell
game consoles in China. Dainippon Sumitomo Pharma Co. was untraded and
poised to fall after saying it was ending a drug trial.
The Topix climbed 0.8
percent to 1,190.13 as of 12:41 p.m. in Tokyo, poised for its highest
close since April 7. All but four of the 33 industry groups advanced,
with volume about in line with the 30-day intraday average. The measure
gained 1.8 percent last week. The Nikkei 225 added 0.5 percent today to
14,539.70. The yen gained less than 0.1 percent to 101.89 per dollar
after falling 0.2 percent on May 23.
Copy Source: Bloomberg
No comments:
Post a Comment