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Post by bot on Sept 12, 2011 22:04:41 GMT -5
Japan stocks rise on resources, tech shares LOS ANGELES (MarketWatch) -- Japanese stocks rose in early Tuesday trading, helped by a rebound in some auto-maker, tech and resource shares. The Nikkei Stock Average traded up 0.4% at 8,561.18, while the Topix added 0.2% to 742.61. Techs gained ground as investors reentered the space after heavy losses in the previous session. Elpida Memory Inc. leaped 6.9%, while NEC Corp. rose 0.7%, Renesas Electronics Corp. gained 2.2% and Advantest Corp. was up 2.2%. Likewise, some car stocks rebounded, with Mitsubishi Motors Corp. rising 3.1%, and Honda Motor Co. gaining 0.7%. Stock in Suzuki Motor Corp. rose 3.2% after partner Volkswagen said it would seek to keep the two firms' agreement in place after Suzuki said it was ready to leave the tie-up. Toyota Motor Corp. lost 0.5% after Fitch downgraded the company's debt late Monday. Improvement in some commodity prices helped various resource stocks, with Inpex Corp. jumping 2.5%, and JFE Holdings Inc. adding 1.3%.
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