Japan Shares Swing From Gains, Losses as Yen Rises on BOJ
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Bloomberg, (13/3) - Japanese shares
swung between gains and losses as the yen strengthened after the
opposition said it wouldn’t support a pro-stimulus nominee for central
bank deputy governor and ahead of U.S. retail sales data.
Toyota Motor Corp., the world’s biggest carmaker, slid 0.3 percent. Alps Electric Co. dropped 3.6 percent after the autopart maker’s equity rating was cut at Macquarie Securities Ltd. GS Yuasa Corp., which makes batteries for Boeing Co., climbed 1.4 percent after the plane manufacturer was cleared to test
its redesign of the grounded 787
Dreamliner’s battery systems. Japan Drilling Co. surged 11 percent,
extending gains after Japan produced gas from methane hydrate deposits
under the seabed.
The Nikkei 225 Stock Average sank 0.3 percent to 12,283.42 as of 9:24 a.m. in Tokyo after rising as much as 0.1 percent. The Topix Index was little changed at 1,035.76. http://www.bloomberg.com/news/2013-03-13/japan-shares-swing-from-gains-losses-as-yen-rises-on-boj.html |
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