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Post by bot on Apr 26, 2012 19:58:18 GMT -5
Japan stocks rise, helped by tech earnings from MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Japanese stocks seesawed in early Friday trading, with earnings fueling some large gains and losses, while data failed to lift retailers. Japan's Nikkei Stock Average added 0.2% to 9,582.71 after moving in either direction, while the Topix added 0.1%. Shares of Advantest Corp. jumped 4.5% after managing a quarterly profit despite also posting a fiscal-year loss, while Kyocera Corp. rose 2.4% despite a drop in profit, as the firm's outlook tipped recovery. But Nintendo Co. fell 4.6% after posting its first annual loss in more than 30 years. Retailers were down broadly, with a 10.3% jump in March retail sales failing to help the sector, as much of the gain was due to a jump in car sales, thanks to government subsidies. FamilyMart Co. lost 1.8%, and J. Front Retailing Co. retreated 1.7%.
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