Japan stocks rose,
with the Nikkei 225 Stock Average heading for the highest close in 15
years, as the biggest banks jumped and Trend Micro Inc. and Sony Corp.
gained.
Mitsubishi UFJ
Financial Group Inc., Japan™s largest lender, climbed 2.5 percent to be
the biggest support to the Topix Index as banks led gains among industry
groups. Anti-virus software maker Trend Micro added 5.9 percent, the
strongest support to the Nikkei 225, after projecting profit above
analyst estimates. Sony jumped 2.7 percent after forecasting a surge in
operating earnings.
The Nikkei 225 gained
0.5 percent to 18,283.73 at the trading break in Tokyo, on course for
the highest closing level since May 2000. The Topix added 0.6 percent to
1,491.51, after it closed yesterday at the strongest since December
2007. Two stocks rose for each that fell on the gauge.
The Topix Banks Index
gained 2.1 percent, bringing this year™s advance to 10 percent. The
industry group dropped 3.9 percent last year, when the broader Topix
gained 8.1 percent.
Mitsubishi UFJ gained
2.5 percent to 761.7 yen. Sumitomo Mitsui Financial Group Inc. added 2.4
percent to 4,674.5 yen, while Mizuho Financial Group Inc. climbed 2.7
percent to 216.3 yen. All three lenders, Japan™s so-called megabanks,
were the biggest supports on the Topix.
Source : Bloomberg
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