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Japanese shares up
Published in Saudi Press Agency on 04 - 10 - 2012

AlQa'dah 18, 1433, Oct 4, 2012, SPA -- Japanese stocks climbed Thursday
morning after a four-day losing streak as market sentiment was lifted by a weakened
yen and overnight gains on Wall Street, dpa reported.
The benchmark Nikkei 225 Stock Average gained 53.89 points, or
0.62 per cent, to trade at 8,800.76 at the end of the morning session
at 11:30 am (0230 GMT).
The broader-based Topix index was up 6.4 points, or 0.88 per cent,
at 733.79.
Exporters, especially carmakers, were bolstered by the yen's fall
against major currencies. A weaker yen makes Japanese products less
expensive overseas and improves repatriated earnings.
Shares in Nissan Motor Co surged 4.33 per cent, Honda Motor Co
gained 3.01 per cent, Toyota Motor Corp jumped 3 per cent, Hitachi
Ltd put on 2.1 per cent and Advantest Corp was up 0.54 per cent.
The Dow Jones Industrial Average edged up 0.09 per cent Wednesday
as a measure of US privat- sector job growth rose more than forecast.
On currency markets at 11:30 am in Tokyo, the dollar traded at
78.56-58 yen, up from Wednesday's 5 pm quote of 78.19-21 yen.
The euro was quoted at 101.50-55 yen, up from 100.95-99 yen late
Wednesday, and at 1.2920-2922 dollars, up from 1.2911-2913 dollars.


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